All Posts: westwood one

Westwood One will still supply programming for CBS radio...the new deal sets that programming until 2017.  However, the new financing for Westwood One gives the company more independent control of their day to day operations.  Here's the press release issued this afternoon.


New York, NY – March 3, 2008 – Westwood One, Inc. (NYSE: WON) (the “Company” or “Westwood”) announced today that it and CBS Radio, Inc. (“CBS Radio”) closed the transactions c...
The Gores Group has invested up to $100 million in Westwood One...The press release is below...


Westwood One, Inc. (NYSE: WON) announced today that it and funds managed by The Gores Group, LLC (“Gores”), a private equity firm headquartered in Los Angeles, California, have executed a purchase agreement pursuant to which Gores will make an equity investment of up to $100.0 million in Westwood One.  The full investment is subject to the ...