Robservations on the media beat:
News this week that CBS Radio would spin off into a separate entity means the company’s seven-station Chicago cluster is assured of remaining intact. In a filing with the Securities and Exchange Commission, parent company CBS disclosed plans to take its radio division public by the end of the month. The decision to proceed with an IPO effectively ends speculation of a sale or merger with another company. CBS Radio owns 117 radio stations in 26 markets nationwide. In Chicago it includes all-news WBBM AM 780/WCFS FM 105.9; sports/talk WSCR AM 670; Top 40 WBBM FM 96.3; country WUSN FM 99.5; adult album alternative WXRT 93.1, and classic hits WJMK FM 104.3. The Chicago station group led the market in 2015 with total revenue of $123.54 million. Continue reading










