Time to meet The Street


Westwood One holds a conference call with Wall Street analysts this morning to answer their many questions about last week’s renegotiated deal with CBS (10/4/07 RBR #194). A few questions were answered when WW1 filed copies of the new agreements. For example, we now know that WW1 will pay CBS Radio an annual programming fee of 12.5 million for exclusive syndication rights to CBS Radio News, along with a five million additional payment at the end of the agreement. No doubt the analysts will still have many, many more questions to ask.