With bids due any moment on the CBS sell-off of smaller radio markets you've got to wonder why anyone would buy more stations now.
Tom Taylor is reporting Bonneville, Entercom, Cumulus and even the former CBS Radio President Joel Hollander are thought to be among those interested in CBS' leftovers.
There are all the usual hurdles.
Financing can be challenging at this point in time. Servicing more debt is always a problem. Sellers want multiples higher than nine times cash flows and buyers need lower multiples -- if they are going to be responsible to themselves and/or their shareholders.
CBS Radio President&hellip
Recent Posts
- Trouble Signs for Election Cycle Ad Spends
- The Cumulus Bankruptcy Date is Now Known
- Is Warren Buffett Right About SiriusXM
- The Bad Blood Between iHeart & Audacy
- Urban One’s Fatal Mistake
- What Follows the Dying Media Business
- The Pending Cuts Coming for Late 2024-25
- Is iHeart Behind Audacy’s Bankruptcy Delay?
- Music’s Mental Health Crisis
- The SEC Snags Cumulus for Being Dishonest