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 CBS-PR-061206151442.doc
May 23, 2006
CBS Corporation To Explore Divestiture Of Radio Stations In Ten Of Its Smaller Markets
CBS Corporation (NYSE: CBS.A and CBS) announced today that it
will explore the divestiture of its radio stations in ten
markets:Austin, Buffalo, Cincinnati,Columbus,
Fresno,Greensboro-Winston/Salem, Kansas City,Memphis, Rochester
and San Antonio. The Company has previously stated its intent to
sell certain smaller market stations in order to maximize
performance of the division overall.
CBS RADIO is one of the largest major-market radio operators
in the United States, with stations covering news, alternative
rock, country, FM talk, classic rock, oldies, JACK and urban
formats, among others. A division of CBS Corporation, CBS RADIO
operates 179 radio stations, the majority of which are in the
nation's top 50 markets. For more information on CBS RADIO,
please visit www.cbsradio.com.
CBS Corporation (NYSE: CBS.A and CBS) is a mass media company
with constituent parts that reach back to the beginnings of the
broadcast industry, as well as newer businesses that operate on
the leading edge of the media industry. The Company, through its
many and varied operations, combines broad reach with
well-positioned local businesses, all of which provide it with an
extensive distribution network by which it serves audiences and
advertisers in all 50 states and key international markets. It
has operations in virtually every field of media and
entertainment, including broadcast television (CBS and UPN),
cable television (Showtime and CSTV Networks), local television
(CBS Television Stations), television production and syndication
(CBS Paramount Television and King World), radio (CBS Radio),
advertising on out-of-home media (CBS Outdoor), publishing (Simon
& Schuster), theme parks (Paramount Parks), digital media
(CBS Digital Media Group and CSTV Networks) and consumer products
(CBS Consumer Products). In Fall 2006, UPN will cease operations
and The CW, a new fifth broadcast television network, will launch
as a joint venture between CBS Corporation and Warner Bros.
Entertainment. For more information, log on to
www.cbscorporation.com.
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Press Contacts:
Dana McClintock (CBS Corp.)
212/975-1077
Karen Mateo (CBS Radio) 212/846-7638
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MEDIA CONTACTS
Karen L. Mateo
Vice President, Communications
(212) 649 9639
Allison Mandara
Communications Coordinator
(212) 649 9606
Dana McClintock
Senior Vice President,
CBS Communications Group
(212) 975 1077
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