News this week that CBS Radio would spin off into a separate entity means the company’s seven-station Chicago cluster is assured of remaining intact. In a filing with the Securities and Exchange Commission, parent company CBS disclosed plans to take its radio division public by the end of the month. The decision to proceed with an IPO effectively ends speculation of a sale or merger with another company. CBS Radio owns 117 radio stations in 26 markets nationwide. In Chicago it includes all-news WBBM AM 780/WCFS FM 105.9; sports/talk WSCR AM 670; Top 40 WBBM FM 96.3; country WUSN FM 99.5; adult album alternative WXRT 93.1, and classic hits WJMK FM 104.3. The Chicago station group led the market in 2015 with total revenue of $123.54 million.

The future holds the possibility to be great or terrible, and since it has not yet occurred it remains simultaneously both.

from Feder



Makes sense. I never thought Cumulus or Entercom or whoever else is left in this business would shell out for CBS Radio. Wonder who's gonna buy stock in this growth industry.

Can't see this adversely affecting anyone but 780, which may lose out on some news-gathering resources. The rest, well, radio's radio; you can play the same 15 songs over and over (same 115 songs if you're XRT) under any ownership.

Well Mac told me to to tell you to go FUCK YOURSELF!!! ..So now it's been said .. .

Makes sense. I never thought Cumulus or Entercom or whoever else is left in this business would shell out for CBS Radio. Wonder who's gonna buy stock in this growth industry.