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CBS Corporation (NYSE: CBS and CBS.A) today announced that
it has completed the previously announced sale of four radio stations in
Portland, Oregon, KINK-FM, KUPL-FM, KUFO-FM and KCMD-AM, to Alpha
Broadcasting for $40 million in cash. 

About CBS Corporation

CBS Corporation 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 The CW – a joint venture between CBS Corporation
and Warner Bros. Entertainment), cable television (Showtime Networks and CBS
College Sports Network), local television (CBS Television Stations), television
production and syndication (CBS Television Studios, CBS Studios International
and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home
media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS
Interactive), music (CBS Records), licensing and merchandising (CBS Consumer
Products), video/DVD (CBS Home Entertainment) and motion pictures (CBS
Films).  For more information, log on to www.cbscorporation.com.
 
 

About CBS RADIO

CBS RADIO, one of the largest
major-market operators in the United
States with stations covering news, sports,
talk, rock, oldies, country, adult contemporary and urban formats, among
others, offers audiences an enhanced and customized listening experience
through the combination of on-air, online and new media platforms.  CBS RADIO operates 130 radio stations
throughout the nation’s top 50 markets and broadcasts play-by-play coverage of
26 of the country’s leading professional sports franchises.  CBS RADIO also has embraced interactive
programming through the use of streaming, HD Radio, podcasts and mobile
messaging.  The division maintains exclusive
agreements with AOL and Yahoo through which CBS RADIO powers AOL Radio and
LAUNCHcast, respectively, and distributes its stations to their network of
listeners.  Home to the
nation’s most listened to news (1010 WINS), sports (WFAN-AM), rock (KROQ-FM)
and country (WUSN-FM) stations, CBS RADIO is a division of CBS Corporation. For
more information on CBS RADIO, please visit www.cbsradio.com.