9-11-2014
As CBS Radio CEO and President Dan Mason was talking content with Bob Pittman to several hundred radio people in Indianapolis, his boss was on Cable TV talking about dumping some of his radio stations. In a wide-ranging interview on CNBC Thursday, CBS Corp. CEO Les Moonves said he might try to "trim down" the CBS stable of 127 radio stations, "in that some of our radio stations aren't in major markets." He added, "We still believe in radio," but called it a "slow growth" business. "You might see a reduction in the number of radio stations that we have," Moonves said, but he didn't give any specifics or timetable.
In response to a question about spinning off the radio division, he called that "highly doubtful." He said, "Radio is a content business. We have developed our sports radio network, which works in concert with our other divisions," and that is "valuable content."
Read CNBC's unofficial transcript of the interview here.
(9/13/2014 11:03:12 AM)
IE: He'd love to sell 1550khz in SF. It's a terrible facility, 10k-D, 5kW-N and very directional antenna - a worthless property, only suitable for narrow-casting. Wouldn't give him more than $100k for it
(9/13/2014 11:03:03 AM)
IE: He'd love to sell 1550khz in SF. It's a terrible facility, 10k-D, 5kW-N and very directional antenna - a worthless property, only suitable for narrow-casting. Wouldn't give him more than $100k for it
(9/12/2014 10:38:44 PM)
"Ouch!" Sorry to hear that, Dan.
(9/12/2014 2:09:51 PM)
Hopefully, the new owners will dump the IBLOCK equipment!
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