Moonves: Look for radio to grow in 2008

Q3 revenues for CBS Radio were down 7% on a same station basis, "which is not acceptable to us," CBS Corporation CEO Les Moonves told Wall Street analysts yesterday in his quarterly conference call. But he expressed confidence that new CBS Radio CEO Dan Mason is turning things around and "early indications are good" for recent format changes. Mason now has a target to shoot for. "In radio, we anticipate that '08 is going to be a year of growth," Moonves said in answer to an analyst's question about when radio would again be positive.

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