CBS Radio Going Public
Jul 9, 2016 23:39:00 GMT -5
Post by Deleted on Jul 9, 2016 23:39:00 GMT -5
Surprised nobody posted this yet -- CBS Corp. intends to take CBS Radio public. This was in Country Aircheck on July 6, but it doesn't just pertain to CBS Radio's country stations.
BREAKING NEWS
» CBS Radio Going Public: In a filing with the SEC, CBS Corp. has revealed it intends to take CBS Radio public. The prospectus states, "As previously announced, the Company is exploring strategic options to separate its radio business. In connection with these strategic options, the Company expects that CBS Radio will file a registration statement on Form S-1 with the SEC during July 2016 relating to an initial public offering of shares of common stock of CBS Radio." According to Bloomberg, the company's radio business, which includes 117 radio stations, may be worth as much as $2.9 billion.
» CBS Radio Going Public: In a filing with the SEC, CBS Corp. has revealed it intends to take CBS Radio public. The prospectus states, "As previously announced, the Company is exploring strategic options to separate its radio business. In connection with these strategic options, the Company expects that CBS Radio will file a registration statement on Form S-1 with the SEC during July 2016 relating to an initial public offering of shares of common stock of CBS Radio." According to Bloomberg, the company's radio business, which includes 117 radio stations, may be worth as much as $2.9 billion.