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Friday, November 4, 2011

“Highly doubtful” CBS would sell radio or TV stations

CBS Radio From today's TRI Newsletter: On Thursday's Q3 conference call, CEO Les Moonves says “we like the way they’re performing.” Though as a CEO, he has to say this – “If somebody came along and made us a phenomenal offer for some radio stations, we would always look at it. But we’re pretty pleased with what we have right now.” The radio/TV station sale question was posed by Wells Fargo analyst Marci Ryvicker. Too bad none of the analysts asked about acquisition plans for radio – like whether CBS is hopeful about landing one or both of the Family Radio stations on the block, in Philadelphia and D.C.-Baltimore. To receive the daily TRI Newsletter from Radio-Info.com, at no charge, go to the newsletter signup page, here. You're also welcome to sign up for the other newsletters: Ross on Radio, 25+, Stark Country, Urban First, News Talk Edge, Taz's Tips on Sales & Marketing, and 'connected.'

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