Viacom is buying College Sports Television Networks (CSTV), for $325 million. CSTV is a network of college TV channels and more importantly, a network of more than 250 official college athletic websites, and CSTV.com, a destination site for, what else, college sports info.

The transaction is likely to close in early January 2006, after the split of Viacom into two discrete entities, which is expected by the end of 2005. CSTV will then be part to CBS Corp.

CSTV Founder and CEO Brian Bedol will continue to work with the new company.

CBS/Viacom already own Sportsline now, so this would be a good strategic fit online and on TV.

Related:

—College Sports TV and Site Gets $37 Million Funding

—TiVo Users Offer CSTV Downloads

—CSTV’s Online Growth