Westwood negotiations continue


Just before the Labor Day Weekend, Westwood One issued an update to shareholders on its negotiations with CBS Radio to discontinue the management agreement under which CBS runs WW1, but extend WW1 clearances on CBS Radio stations through 2017. The announcement, however, didn’t provide much insight into the progress of the talks. "Westwood One, Inc. (NYSE: WON) announced today that it is continuing to negotiate with CBS Radio and work towards finalizing definitive documentation regarding the modification and extension through 2017 of its various agreements with CBS Radio," said Friday’s announcement.