CBS MAY BE READY TO SELL

Analysts believeCBSchairmanLaurence Tischmay finally be ready to sell, since turbine giant Westinghouse may have lined up $2 billion in financing commitments to make a $5 billion, $80-a-share, all-cash takeover bid of CBS. "CBS has been close to selling a couple of times before, but now the temperature level seems to be higher," Larry Gerbrandt, Senior Analyst for Paul Kagan, Inc., told TIME. Analysts are calling the Westinghouse bid a "multibillion-dollar expression of frustration" of a turnaround king wanna-be, Michael H. Jordan. The Westinghouse CEO is battling scant profits and flat stock prices, and gambles he can turn the Pittsburgh company into an entertainment and media dynamo. But "there will probably be a flurry of bids," says Gerbrandt, and TIME's Barbara Rudolph agreed: "Tisch is certainly not wed to Westinghouse. Seagram, Disney, and Ted Turner are all good bets to join the fray." If successful, Westinghouse's bid would double that company's already cumbersome $3.8 billion of debt.