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CBS Radio to Sell Off 50 Radio Stations
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Puget Sound Radio®    ON THE AIR    Street Talk/Shop Talk/let's Talk  ›  CBS Radio to Sell Off 50 Radio Stations
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Gotobreak
August 11, 2008, 6:13am Report to Moderator

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As adweek.com put it: "CBS continued to trim its struggling radio portfolio and said it would divest 50 stations in 12 midsize markets."

Big companies - especially those top-heavy with under-performing or simply adequate properties competing in a brave new media world - are getting out from underneath them.

Not too long ago Clear Channel Radio sold off close to 450 radio stations to concentrate on larger markets with bigger potential. This is a trend which most likely will continue with big players who are concerned with getting the most revenue bang for their ownership.

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