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General Category => General Radio Discussion => Topic started by: ChrisSmolinski on March 15, 2016, 2223 UTC

Title: CBS Looks to Exit Radio Business
Post by: ChrisSmolinski on March 15, 2016, 2223 UTC

CBS Corporation announced on Tuesday that it was putting its radio business on the block, as the media company aims to streamline its business to focus on its broadcast network, the premium channel Showtime and digital.

http://www.nytimes.com/2016/03/16/business/media/cbs-looks-to-exit-radio-business.html?_r=0

Title: Re: CBS Looks to Exit Radio Business
Post by: BoomboxDX on March 18, 2016, 1114 UTC

The irony is that most CBS stations are profitable, and make plenty of money. CBS is looking to exit radio, but other radio professionals I've read say that they're not in a hurry to sell their stations and ditch radio completely just yet, because the online and video alternatives (aside from CBS TV) are still a bit dicey (concerning whether they can turn a profit).