CBS Radio files for IPO
CBS Radio has filed for an initial public offering worth up to $100 million in shares, according to a government filing Friday. The company holds 117 radio stations mostly in large U.S. metropolitan areas and is a spinoff from CBS Corp. . Currently CBS owns all shares of the company, CBS Radio said in a statement. The new public company will continue to be controlled by CBS and CBS "will be able to exert significant influence over us and our corporate decisions," owning more than 50% of voting power, CBS Radio said in the filing. Читать дальше...