Radio and Television TransactionsRadio Newsthe HOT List CBS Takes a Tax Hit If It Sells Radio – Or Does It? By RBR.com - March 17, 2016 0 FacebookTwitterWhatsAppLinkedinEmail Experts we spoke to say CBS has owned its heritage stations so long the company is facing a huge capital gains tax issue when it goes to sell its 117 radio stations. They tell us in interviews there are several ways around that.Please Login to view this content. (Not a member? Join Today!)