Redstone Cool With CBS Radio Spinoff


Although he has many other things going on in his life now, Sumner Redstone is onboard with the plan to spin off the CBS Radio stations. That’s what CBS Chairman and CEO Les Moonves told shareholders Thursday, according to Variety.

During Q&A at the company shareholder meeting, Moonves was asked if that deal was contingent on the approval of CBS’s controlling shareholder. Moonves said, “We have received full support from Mr. Redstone with what we are doing” with the planned CBS Radio divestiture.

It was back in March that Moonves made it official that the company was trying to move the radio division.



Please enter your comment!
Please enter your name here