Posts Tagged ‘les moonves’
CBS Radio to sell 50 stations
Thursday, July 31st, 2008CEO Les Moonves says the decision to divest 50 mid-sized markets comes as the company adjusts its portfolio. He says “By selling these slower-growth stations, we can focus on the larger markets that are showing real growth.” Moonves says big market stations did “very well” in the second quarter. Overall, CBS Radio same-station revenues dropped 9% in second quarter to $416 million.