CBS Corp. is poised to exit the Radio business….The company is exploring a sale or spin-off, of its entire radio division.
The decision marks the end of an era and highlights the waning influence of commercial radio, which is no longer considered a growth industry. Young adults spend more time listening to digital music files, podcasts and subscription Internet radio services such as Spotify and Pandora.
The shift has prompted major advertisers, including car dealerships, wireless phone companies and financial services firms, to steer more of their marketing dollars to digital platforms.
See Stitcher Radio http://www.stitcher.com/podcast/atlantic-city-primetime-radio