Chicago Fanatics Message Board
https://mail.chicagofanatics.com/

CBS Radio To Be Sold?
https://mail.chicagofanatics.com/viewtopic.php?f=156&t=76527
Page 1 of 1

Author:  Scorehead [ Tue Jan 22, 2013 12:03 am ]
Post subject:  CBS Radio To Be Sold?

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

Author:  good dolphin [ Tue Jan 22, 2013 10:11 am ]
Post subject:  Re: CBS Radio To Be Sold?

I would love a decentralization of the sports radio industry.

Author:  Scorehead [ Tue Jan 22, 2013 11:36 am ]
Post subject:  Re: CBS Radio To Be Sold?

good dolphin wrote:
I would love a decentralization of the sports radio industry.


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

Author:  Hatchetman [ Tue Jan 22, 2013 12:04 pm ]
Post subject:  Re: CBS Radio To Be Sold?

Likely would result in more consolidation, not less.

Author:  SHARK [ Tue Jan 22, 2013 3:45 pm ]
Post subject:  Re: CBS Radio To Be Sold?

Scorehead wrote:
good dolphin wrote:
I would love a decentralization of the sports radio industry.


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

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

Author:  bigfan [ Wed Jan 30, 2013 9:15 am ]
Post subject:  Re: CBS Radio To Be Sold?

APPLE RADIO

They do have $150 Bill in cash just doing nothing

Author:  beni hanna [ Wed Feb 06, 2013 11:48 am ]
Post subject:  Re: CBS Radio To Be Sold?

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. :alien:

Page 1 of 1 All times are UTC - 6 hours [ DST ]
Powered by phpBB® Forum Software © phpBB Group
https://www.phpbb.com/