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.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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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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