CBS head Les Moonves putting deals under construction

By CLAIRE ATKINSON AND JOSH KOSMAN
Last Updated: 5:57 AM, January 21, 2013
Posted: 11:35 PM, January 20, 2013

CBS head honcho Les Mooves is looking to ramp up dealmaking as part of an overhaul of his old-growth media company.

His first step — a spinoff of the billboard division — has sparked talk that CBS Radio will be the next to hit the market.

While CBS insists radio is a core business, industry insiders believe Moonves is open to a sale of the station group as he looks to reduce the company’s reliance on advertising and shed slower growth businesses.

“He’s trying to diversify. He’s actively looking. He’s got to do something,” said a top entertainment executive. “And he’s not being shy.”

Sources said that while a sale of the radio unit isn’t imminent, it could happen in the next 12 to 24 months. Cumulus boss Lew Dickey, who runs the second-largest radio station group after Clear Channel, has already sent out feelers to No. 3 CBS Radio, sources said.

Read the full story here: http://www.nypost.com/p/news/business/les_wants_more_Vd5Wv5O7fLS1HqbedU0nmN

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CSFMB 2014 Nascar Pick 'em Champion

We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much. — Ronald Reagan

I would love a decentralization of the sports radio industry.

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

Same here...but if CBS Sports radio is sold to Cummulus, that might be worse.

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CSFMB 2014 Nascar Pick 'em Champion

We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much. — Ronald Reagan

Likely would result in more consolidation, not less.

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Reality is your friend, not your enemy. -- Seacrest

I thought they were already partners in CBS Sports Radio, guys.

APPLE RADIO

They do have $150 Bill in cash just doing nothing

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"That's what the internet is for. Slandering others anonymously." Banky
“Been that way since one monkey looked at the sun and told the other monkey ‘He said for you to give me your fuckin’ share.’”

Radio.com no longer lists "sports radio" as an option to choose.

One can still find WSCR by using the "Search" function. Some of you may not be familiar with how this function works, but it does here.