Hard times at WW1

[actioncentral]

According to Radio and Records and the AP, Westwood One will establish a committee to evaluate its relation with CBS Radio, which manages and holds equity in WW1. Most of the agreements between WW1 and CBS expire in March, 2009 and Westwood may want to modify or extend some of these agreements. WW1 also distributes CBS Radio Network and other nets.
It has fallen on hard times as of late and as of 1:20 PM. EST on Nov.10th, its
stock has fallen to $6.65 per share.
Westwood has already sold off its 24/7 music formats. It should now look at some of its underperforming talkers.
action central (Bwee Doop)

 

[radionut925]

According to Radio and Records and the AP, Westwood One will establish a committee to evaluate its relation with CBS Radio, which manages and holds equity in WW1. Most of the agreements between WW1 and CBS expire in March, 2009 and Westwood may want to modify or extend some of these agreements. WW1 also distributes CBS Radio Network and other nets.
It has fallen on hard times as of late and as of 1:20 PM. EST on Nov.10th, its
stock has fallen to $6.65 per share.
Westwood has already sold off its 24/7 music formats. It should now look at some of its underperforming talkers.
action central (Bwee Doop)

Times are hard for terrestrial radio in general, not just Westwood One.