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Wednesday, July 6, 2016

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.

 
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SONG REVENUE:
A LOT OF “US”
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TOP 20: TAYLOR'S REIGN CONTINUES
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Producer putting the finishing touches on Thursday's show. (5/16a)
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THE COUNT: LIVE NATION TAPS TYLER, POST, BLINK FOR TOP U.S. FESTS
Cornering the market on surefire headliners (5/16a)
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Another on bites the dust. (5/16a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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