• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Cumulus to buy CBS stations?

R

radiogroupie

CUME-LESS is lurking in the distance ready to take several CBS Radio markets off the hands of CBS CEO Les Moonves.

Very Sad indeed! Fewer jobs for the good talent. More 25K jobs for the twenty somethings. :'(
 
If true, I can almost guarantee that the New York cluster is not for sale. (This thread was posted in the New York forum, after all.) Tom Taylor recently wrote that CBS is committed to concentrating on the larger markets in which they have radio properties, as well as those smaller markets like Hartford that print money.
 
Of course, they will overpay for the stations. Then they will discover that they will never be worth more than they are today, since radio listening will continue to lessen. This assumes that they can find any bankers to lend them the funds. The finance people are rather gunshy.

Good for CBS if they can dump the stations.

Sounds like Cumulus will be a good stock to sell short.
 
hypwr said:
Sounds like Cumulus will be a good stock to sell short.
Click to expand...

The rumored buyer for some of the medium and smaller market CBS properties is not the publicly traded Cumulus, but the similarly named private investment partnership which was formed to buy the susquehanna stations several years ago.

Trading in the listed shares will not benefit in either direction from the possible acquisitions.
 
DavidEduardo said:
hypwr said:
Sounds like Cumulus will be a good stock to sell short.
Click to expand...

The rumored buyer for some of the medium and smaller market CBS properties is not the publicly traded Cumulus, but the similarly named private investment partnership which was formed to buy the susquehanna stations several years ago.

Trading in the listed shares will not benefit in either direction from the possible acquisitions.
Click to expand...

Thanks for pointing that out. I was not aware of the change. Of course, I'm standing by my claim that they will pay more than the properties are worth as is the custom of the mega-broadcasters.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom