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prior to 2008, CBS Corp. owned approximately 18% of Westwood one Inc. which managed the CBS radio network. CBS in turn, managed Westwood under a

prior to 2008, CBS Corp. owned approximately 18% of Westwood one Inc. which managed the CBS radio network. CBS in turn, managed Westwood under a management agreement. further, one employee of CBS was a member of Westwoods Board of Directors. CBS did not control the board of directors however.

How should the investor account for the investee? explain

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