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
- iHeart CEO Paid for Layoffs
- Urban One’s High Risk Bet
- Beasley Risks Screwing Their Lenders
- Kelli Turner Unleashed
- iHeart’s Digital Shell Game
- Beasley’s Unproven AI Sales Bet
- Saga Savings Warning
- Townsquare’s Digital Ceiling
- What My Gen Z Students Told Me About Radio
- Radio’s Programmatic Pricing Gamble