CBS ready to sell radio
March 15, 2016
Citing slow growth and a drain on resources, CBS is ready to sell off its radio assets over the coming year. CEO Les Moonves says it could be a sale, a swap, or spinoff of the group much like when it spun off the outdoor advertising wing two years ago. The move affects 117 stations in 26 markets including Pittsburgh. Here the group owns KDKA-AM (1020), KDKA-FM (93.7), WBZZ-FM (100.7 New Kensington), and WDSY-FM (107.9).
(Variety)
hmmmm……KDKA-AM 1020, Pittsburgh. An Eric O’Brien Station.
What do you think??
I laugh!
Typical attitude of CBS. If a business doesn\’t make money as fast as a printing press can print it, then they unload that part of the business. I know, I am retired from CBS.
What may or may not happen?