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CBS TAKING RADIO DIVISION PUBLIC: REPORT

CBS is planning an IPO for its radio division, with a filing slated for this month, according to a Bloomberg report. Radio has been integral to the Columbia Broadcasting System since 1927, but the company had been seeking a buyer before ultimately opting to go public. Bloomberg estimates the value of the Les Moonves-led firm's radio holdings—117 stations in 26 markets, including Alternative flagship KROQ L.A. and NYC's WFAN—at $2.9 billion. 

 

RIC OCASEK,
1944-2019
Bandleader, producer, A&R exec—an extraordinary career (9/16a)
RIHANNA FOLLOWS PLATT TO SONY/ATV
Loyalty in action (9/16a)
TAYLOR SWIFT JOINS THE VOICE AS MEGA MENTOR
Tay knows how to pick her spots. (9/16a)
BEYONCÉ ROARS IN PRIME TIME
So does Bey. (9/16a)
PTX UNWRAPS XMAS BEST OF, TOUR
Fa-la-la-la-la...cha-ching (9/16a)
MORE RAINMAKERS
The players who made it happen.
WHAT ABOUT THOSE LEAKS?
Even funnier in French.
RIHANNA'S ETA
And about $50m in funding.
THE BUNDLE BUNGLE
When will the rules change?
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