CBS Radio Files for IPO

By on Jul, 9 2016 with Comments 0

CBS-Radio-LogoCBS Radio filed for an Initial Public Offering with U.S. securities regulators on Friday; the move was expected.

As we reported, the company told the SEC it intended to file an S-1 form this month.

CBS Radio set a nominal fundraising target of $100 million in its filing.

The company did not reveal how many shares the company planned to sell or their expected price.

 

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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