It's official. CBS Radio is breaking off and leaving the CBS mother ship. The Wall Street Journal has the details.
Once they make their initial money on the IPO, it's time for a fire sale. Everything must go. "Get your radio stations! Get your radio stations right here!
In Chicago, by the way, CBS radio owns WBBM-AM (and the FM station they simulcast that on), WBBM-FM (B-96), WJMK-FM (Classic Hits 104.3), WXRT-FM, WUSN-FM (US-99), and WSCR-AM (The Score). Some of the biggest and most profitable stations in Chicago.