CBS Radio Up Slightly In Q3. IPO Ready


As CBS Corporation gets ready to separate its radio division from the mothership, we are now able to see actual radio revenue numbers, as opposed to having them jumbled in with a line called “local broadcasting.” And in Q3, CBS’ 117 radio stations saw a small increase in revenue.

Radio revenue increased from $318 million to $319 million in the quarter and is pacing up low single digits in Q4. For the nine months ending in September, radio revenue decreased from $907 million in 2015 to $898 million in 2016. Regarding the planned IPO, the company expects that to happen in early 2017, but also said there may be a small window for it to happen in the fourth quarter of this year.


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