CBS Radio Up Slightly In Q3. IPO Ready

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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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