[NJARC] CBS Selling Off Radio

[Matt Reynolds]

They aren't trying to grow the business.  That's why they are trying to sell it...  They are trying to cut their losses, increase profits to the shareholder, and move on.

Seems to be pretty much the same story for all publicly owned companies.

"progress"... right?

Matt

________________________________________
From: NJARC <njarc-bounces at mailman.qth.net> on behalf of Retevis <retevis at comcast.net>
Sent: Wednesday, March 16, 2016 4:38 PM
To: Joe Giliberti
Cc: New Jersey Antique Radio Club
Subject: Re: [NJARC] CBS Selling Off Radio

Just remember
Reply = Poster
Reply All = Everyone

_________________________________________________________
Truly sad news. They are trying to sell it as "unlocking shareholder value." I remember that excuse when they took a knife to the old ATT AFTER the spinoff of the individual operating companies. They cut themselves to oblivion.

I would like to see a company take an asset like this one and find an innovative way to make it work. You cannot grow by cutting parts of your business, only by innovating and reinvigorating it.

Best wishes.
Bob Tevis


Sent from Bob's iPhone

> On Mar 16, 2016, at 4:01 PM, Joe Giliberti <starbase89 at gmail.com> wrote:
>
> Just remember
> Reply = Poster
> Reply All = Everyone
>
> _________________________________________________________
> This sucks. I listen to 880 almost every day.
>
> http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-cbs-announces-cbs-radio-sale-20160315-story.html
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