Monday, July 11, 2016

CBS Radio Files an IPO

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.