Have you noticed how many radio stations are on the market right now and how few are selling -- even below value.
I mention this because the other day CBS President Les Moonves said publicly that someday the company might sell its radio division. A lot of folks reacted to this comment. Moonves pointed out that the free cash flow advantage that CBS Radio is contributing to the corporation is not lost on CEO Sumner Redstone.
What is significant and getting a lot less attention, however, is how many companies are trying to sell radio stations with no apparent luck at all.
CBS is one of them -- vowing to sell off its&hellip
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