Share This Post

CBS To Spin-Off Radio By End Of July

CBS Radio For Sale Les Moonves Alpha CumulusCBS Radio will become an independent operation by the end of the month.

After seeking a buyer for the group to no avail, Bloomberg reports that the plan was included in a corporate prospectus for senior notes due in 2020. CBS announced plans in March to divest the radio division of the company, much like it did to its Outdoor holdings in 2015.

CBS CEO Leslie Moonves told San Diego radio host Dan Sileo in April the divestiture would most likely come in the form of a spin-off as opposed to a sale.

Profile photo of Lance Venta
Lance Venta is the Owner and Publisher of RadioInsight.com and a consultant for RadioBB Networks specializing in integration of radio and the internet. Lance has two decades of experience tracking the audio industry and its use of digital platforms.

1 Comment

  1. Profile photo of Peter


    Sad day, the end of an era when the last of the original radio station companies is basically shunted to off the side and shown the door by it’s parent company.

Leave a Reply

Lost Password

Register