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CBS Plans to Spin Off Radio Business

July 07,2016 01:11

The media giant, whose holdings include publisher Simon & Schuster along with cable networks and broadcasting stations, has been narrowing its focus on its TV business and expanding into other platforms, such as streaming and digital, as it seeks to ...and more »

CBS Corp. said Wednesday that it intends this month to begin the process of taking its radio business public, months after the company said it was considering strategic options for the division. The media company disclosed its plans in a prospectus related to an offering of senior notes. CBS didn’t provide any details about the possible initial public offering for the 117 radio stations, other than the company planned to file a...

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