{"id":10807,"date":"2016-03-15T16:00:28","date_gmt":"2016-03-15T21:00:28","guid":{"rendered":"http:\/\/www.robertfeder.com\/?p=10807"},"modified":"2016-03-15T16:26:22","modified_gmt":"2016-03-15T21:26:22","slug":"cbs-sale-would-include-chicagos-top-radio-group","status":"publish","type":"post","link":"https:\/\/robertfeder.dailyherald.com\/2016\/03\/15\/cbs-sale-would-include-chicagos-top-radio-group\/","title":{"rendered":"CBS Radio sale would include Chicago\u2019s top station group"},"content":{"rendered":"<div id=\"attachment_10808\" style=\"width: 961px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/robertfeder.dailyherald.com\/2016\/03\/15\/cbs-sale-would-include-chicagos-top-radio-group\/\"><img aria-describedby=\"caption-attachment-10808\" loading=\"lazy\" class=\"size-full wp-image-10808\" alt=\"WBBM Newsradio\" src=\"\/wp-content\/uploads\/2016\/03\/WBBM-Newsradio.jpg\" width=\"951\" height=\"636\" srcset=\"\/wp-content\/uploads\/2016\/03\/WBBM-Newsradio.jpg 951w, \/wp-content\/uploads\/2016\/03\/WBBM-Newsradio-300x200.jpg 300w, \/wp-content\/uploads\/2016\/03\/WBBM-Newsradio-150x100.jpg 150w, \/wp-content\/uploads\/2016\/03\/WBBM-Newsradio-400x267.jpg 400w, \/wp-content\/uploads\/2016\/03\/WBBM-Newsradio-800x535.jpg 800w, \/wp-content\/uploads\/2016\/03\/WBBM-Newsradio-200x133.jpg 200w\" sizes=\"(max-width: 951px) 100vw, 951px\" \/><\/a><p id=\"caption-attachment-10808\" class=\"wp-caption-text\"><\/a> WBBM Newsradio<\/p><\/div>\n<p>A giant \u201cfor sale\u201d sign just went up on Chicago\u2019s richest radio group.<\/p>\n<p>The <a href=\"http:\/\/www.chicagotribune.com\/business\/ct-cbs-to-sell-radio-division-20160315-story.html\" target=\"_blank\">announcement <\/a>Tuesday by CBS Chairman and CEO Leslie Moonves that the company plans to sell its CBS Radio division suddenly puts seven of Chicago\u2019s blue-chip stations \u2014 including<a href=\"http:\/\/www.robertfeder.com\/2016\/03\/15\/top-story-in-ratings-wbbm-newsradio\/\" target=\"_blank\"> top-rated <\/a>all-news combo <a href=\"http:\/\/chicago.cbslocal.com\/station\/wbbm-newsradio-780-and-1059fm\/\" target=\"_blank\">WBBM AM 780 and WCFS FM 105.9 <\/a>\u2014 up for grabs.\u00a0<!--more--><\/p>\n<p>Telling investors that CBS would \u201cexplore strategic options for radio as a whole,\u201d Moonves said: \"Going forward, we will do everything we can to assist in this transformative action and believe it will be to the benefit of our division, our stations and our people.\u201d<\/p>\n<p>Among 117 stations in 26 markets owned by CBS Radio are these Chicago properties:<\/p>\n<ul>\n<li><a href=\"http:\/\/chicago.cbslocal.com\/station\/wbbm-newsradio-780-and-1059fm\/\" target=\"_blank\"><strong>WBBM AM 780 and WCFS FM 105.9<\/strong> <\/a>(simulcast),<em> all news.<\/em> Audience share: 6.9 percent. Annual revenue (2015): $43.8 million.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/chicago.cbslocal.com\/station\/670-the-score\/\" target=\"_blank\">WSCR AM 670, <\/a><\/strong><em>sports\/talk.<\/em> Audience share: 2.4 percent. Annual revenue (2015): $21.9 million.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/b96.cbslocal.com\" target=\"_blank\">WBBM FM 96.3,<\/a> <\/strong><em>rhythmic Top 40.<\/em> Audience share: 3.0 percent. Annual revenue (2015): $20 million.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/us995.cbslocal.com\" target=\"_blank\">WUSN FM 99.5, <\/a><\/strong><em>country.<\/em> Audience share: 2.7 percent. Annual revenue (2015): 16.9 million.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/wxrt.cbslocal.com\" target=\"_blank\">WXRT FM 93.1,<\/a><\/strong><em> adult album alternative.<\/em> Audience share: 2.6 percent. Annual revenue (2015): $13.3 million.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/khitschicago.cbslocal.com\" target=\"_blank\">WJMK FM 104.3,<\/a><\/strong> <em>classic hits.<\/em> Audience share: 3.2 percent. Annual revenue (2015): $7.5 million.<\/li>\n<\/ul>\n<p>CBS Radio Chicago group led the market in 2015 with total revenue of $123.54 million, according to industry sources.<\/p>\n<p>No timeline was announced for a sale. \"We will be prudent and judicious,\" Moonves said. \"We will take our time to make sure that we do it right.\"<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A giant \u201cfor sale\u201d sign just went up on Chicago\u2019s richest radio group. The announcement Tuesday by CBS Chairman and CEO Leslie Moonves that the company plans to sell its CBS Radio division suddenly puts seven of Chicago\u2019s blue-chip stations \u2014 including top-rated all-news combo WBBM AM 780 and WCFS FM 105.9 \u2014 up for... <a class=\"more-link\" href=\"https:\/\/robertfeder.dailyherald.com\/2016\/03\/15\/cbs-sale-would-include-chicagos-top-radio-group\/\">Continue reading <span class=\"meta-nav\">&#8594;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/10807"}],"collection":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/comments?post=10807"}],"version-history":[{"count":6,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/10807\/revisions"}],"predecessor-version":[{"id":10814,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/10807\/revisions\/10814"}],"wp:attachment":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/media?parent=10807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/categories?post=10807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/tags?post=10807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}