Sale to bring $50 mil as Eye focuses on largest markets

CBS Corp. has cut a deal to sell five radio stations in West Palm Beach, Fla. for $50 million.

Deal continues the Eye’s push to streamline its radio holdings and concentrate on the nation’s largest markets.

The sale agreement with Palm Beach Broadcasting calls for that company to eventually sell two of the outlets to a third party, to comply with FCC ownership rules.

Palm Beach Broadcasting is headed by Dean Goodman, formerly an exec with Lowell Paxson’s Pax TV network (now Ion Media).

“It is extremely gratifying to add these excellent stations to our community-focused radio service in the Palm Beach market,” Goodman said. “Radio broadcasting is experiencing a renaissance in the digital age, and we are pleased to be a part of that effort.”

More TV

  • Departing ‘Doctor Who’ Showrunner Gives and

    Departing ‘Doctor Who’ Showrunner Gives and Gets Emotional Sendoff

    CBS Corp. has cut a deal to sell five radio stations in West Palm Beach, Fla. for $50 million. Deal continues the Eye’s push to streamline its radio holdings and concentrate on the nation’s largest markets. The sale agreement with Palm Beach Broadcasting calls for that company to eventually sell two of the outlets to […]

  • Scott Mills Debra Lee

    BET Names Scott M. Mills President, Debra Lee to Stay on as Chairman and CEO

    CBS Corp. has cut a deal to sell five radio stations in West Palm Beach, Fla. for $50 million. Deal continues the Eye’s push to streamline its radio holdings and concentrate on the nation’s largest markets. The sale agreement with Palm Beach Broadcasting calls for that company to eventually sell two of the outlets to […]

  • Tina Fey Robert Carlock

    Tina Fey, Robert Carlock to Be Honored by Writers Guild of America East

    CBS Corp. has cut a deal to sell five radio stations in West Palm Beach, Fla. for $50 million. Deal continues the Eye’s push to streamline its radio holdings and concentrate on the nation’s largest markets. The sale agreement with Palm Beach Broadcasting calls for that company to eventually sell two of the outlets to […]

  • EMPIRE: Pictured L-R: Jussie Smollett and

    TV Ratings: 'Empire' Fall Finale Tops Wednesday

    CBS Corp. has cut a deal to sell five radio stations in West Palm Beach, Fla. for $50 million. Deal continues the Eye’s push to streamline its radio holdings and concentrate on the nation’s largest markets. The sale agreement with Palm Beach Broadcasting calls for that company to eventually sell two of the outlets to […]

  • Casey Wilson

    'Happy Endings' Alums Casey Wilson, Jackie Clarke Team for NBC Put Pilot (EXCLUSIVE)

    CBS Corp. has cut a deal to sell five radio stations in West Palm Beach, Fla. for $50 million. Deal continues the Eye’s push to streamline its radio holdings and concentrate on the nation’s largest markets. The sale agreement with Palm Beach Broadcasting calls for that company to eventually sell two of the outlets to […]

  • 9-1-1: Connie Britton in the series

    '9-1-1' Team on Why First Responder Series is Like a 'Viral Video'

    CBS Corp. has cut a deal to sell five radio stations in West Palm Beach, Fla. for $50 million. Deal continues the Eye’s push to streamline its radio holdings and concentrate on the nation’s largest markets. The sale agreement with Palm Beach Broadcasting calls for that company to eventually sell two of the outlets to […]

  • On My Block

    Netflix Orders Inner City High School Comedy 'On My Block'

    CBS Corp. has cut a deal to sell five radio stations in West Palm Beach, Fla. for $50 million. Deal continues the Eye’s push to streamline its radio holdings and concentrate on the nation’s largest markets. The sale agreement with Palm Beach Broadcasting calls for that company to eventually sell two of the outlets to […]

More From Our Brands

Access exclusive content