Of course, this won't impact Chicago because they don't want to sell the major markets, but it would nice to see radio start making a comeback in other markets. That can't happen until the big boys get out. CBS is one of the big boys.
Wednesday, August 04, 2010
CBS still thinking about selling radio stations
From this morning's Tom Taylor column at Radio-Info.com...
Selling stations is still a possibility for CBS. CEO Les Moonves brought it up after Deutsche Bank analyst Doug Mitchelson asks about the “asset base.” Moonves says they “still intend” to divest some smaller markets, though – as always – he says they’ll wait for the right deals. But he says there “appears to be nice activity” on the radio station trading front (that would be welcome news to a lot of brokers) and says it “wouldn’t be a surprise” in the next six to 12 months if CBS sold some more radio stations.
Of course, this won't impact Chicago because they don't want to sell the major markets, but it would nice to see radio start making a comeback in other markets. That can't happen until the big boys get out. CBS is one of the big boys.
Of course, this won't impact Chicago because they don't want to sell the major markets, but it would nice to see radio start making a comeback in other markets. That can't happen until the big boys get out. CBS is one of the big boys.
