{"id":6484,"date":"2013-02-07T07:40:38","date_gmt":"2013-02-07T12:40:38","guid":{"rendered":"http:\/\/streamingradioguide.com\/startingover\/?p=6484"},"modified":"2013-02-07T07:40:38","modified_gmt":"2013-02-07T12:40:38","slug":"cbs-radio-to-be-sold-to-cumulus","status":"publish","type":"post","link":"https:\/\/streamingradioguide.com\/startingover\/?p=6484","title":{"rendered":"CBS Radio to be sold to Cumulus?"},"content":{"rendered":"

The New York Post has picked up this rumor
\nNY Post Story<\/a><\/p>\n

Back since about the crash in 2008, CBS has let it be known that if the deal was right, they would sell their small market stations. This is mostly “code words” for “those unworthy stations added to CBS when Mel Karmazin temporarily took over CBS until we got our Sugar Daddy Sumner Redstone to get the company back”. Mel has been running SiriusXM for the last decade and just was released from that job. CBS has not made any attempt to really integrate the stations formerly owned by Infinity in with the prestigious CBS + Westinghouse “heritage” stations.<\/p>\n

Mel and Cumulus couldn’t be more different in their approach to radio – Mel took failing stations, paid big bucks to genuine talent like Howard Stern and Don Imus and generated huge ratings, especially among younger listeners. Advertisers lined up to hand over baskets full of cash. Cumulus thinks the way to prosperity is to fire all of the local talent and provide 24 hr\/day centrally produced syndicated programming, making ad revenue from selling groupon like “deals” via Sweetjack’s annoying barking dog.<\/p>\n

Any sale of CBS stations to Cumulus would bump into FCC ownership caps. I tend to think the CBS Radio denial is genuine. Cumulus hasn’t yet proven that their strategy would work, and CBS is going to want cash or at least part ownership in a joint venture.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New York Post has picked up this rumor NY Post Story Back since about the crash in 2008, CBS has let it be known that if the deal was right, they would sell their small market stations. This is … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,103],"tags":[],"class_list":["post-6484","post","type-post","status-publish","format-standard","hentry","category-radio-biz","category-station-sales-transfers"],"_links":{"self":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/6484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6484"}],"version-history":[{"count":3,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/6484\/revisions"}],"predecessor-version":[{"id":6487,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/6484\/revisions\/6487"}],"wp:attachment":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}