Report: CBS To Sell Some Radio Assets

Reuters is reporting CBS Corp, which owns 126 radio stations in the United States, will seek to decrease that number to somewhere in the "high 80s, low 80s."

According to Reuters,  Chief Executive Les Moonves made the comment Wednesday at a Bank of America/Merrill Lynch conference.

Moonves hopes for the decrease to happen "over the next year or so."  He did not specify how the company would sell the radio assets or which markets might be on the block.

CBS currently owns 126 stations in 27 markets and, under Dan Mason's leadership, the stations have consistently been money-makers.