NEW YORK -- CBS Corp. is selling its half of the CBS Eye on People cable network to partner Discovery Communications Inc. less than two years after the network was launched.
Discovery, owner of several cable networks including the Discovery Channel, had been seeking sole control of Eye on People since buying a 50 percent stake in July. The network will be renamed Discovery People on Jan. 11, and CBS will continue to produce some programming.
Financial terms of Tuesday's deal were not disclosed.
Eye on People has depended heavily on archived footage from news shows such as "60 Minutes" and "48 Hours" to fill its schedule.
Discovery said Eye on People's focus on personalities is a logical extension of the company's other nonfiction-based cable networks, which also include TLC, Animal Planet and the Travel Channel.
Eye on People has about 11 million cable and satellite subscribers, up from 2 million at its March 1997 launch, but is still a small player in the crowded cable field. In contrast, the Discovery Channel has 75.4 million subscribers.
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