CBS Looking To Sell Off Their Radio Stations

[Don]

>>
CBS is putting their entire radio division up for sale according to this
article in Variety. CBS CEO Les Moonves confirming this at the CBS Investor
Day presentation today.
<<

Will they sell as a whole....or in bunches...or individual stations?

I know in Boston Clear Channel (IheartMedia) would love to pick up a few 
more full-signal FM's in Boston....as they only have 2-1/2 right now. 
(Although, IHM Has other problems right now...)

I can't think of who might want to run an all-news 50KW AM station (and run 
it in a good way) if CBS doesn't want it.

Clear Channel does have some experience running 50KW blowtorch stations in 
many markets.

But what could they get for these stations?  In the same announcement, CBS 
stated that they "don't see radio as a growth industry any longer".

Does anyone see it as a growth industry worthy of investment?


Don






----- Original Message ----- 
From: "Mark Watson" <markwats@comcast.net>
To: "'Boston Radio Group'" <boston-radio-interest@lists.bostonradio.org>
Sent: Tuesday, March 15, 2016 5:32 PM
Subject: CBS Looking To Sell Off Their Radio Stations


> CBS is putting their entire radio division up for sale according to this
> article in Variety. CBS CEO Les Moonves confirming this at the CBS 
> Investor
> Day presentation today. CBS owns 117 stations in 26 markets, including
> Boston (WBZ, WBZ-FM, WBMX, WODS, WZLX, WBMX). Be very interesting to see 
> how
> this shakes up the radio landscape in Boston and elsewhere.
>
> Link to article from Variety:
>
> http://variety.com/2016/tv/news/cbs-radio-stations-sale-investors-1201730033
> /
>
>
>
> Mark Watson
>