CBS RADIO Completes Deal to Swap More Than a Dozen Mid-Size Market Stations for Five Large Market Stations with Beasley Broadcast Group

CBS RADIO today announced it has completed its deal with Beasley Broadcast Group, Inc. to swap 13 mid-size market radio stations in Tampa and Charlotte as well as WIP-AM in Philadelphia for five large market stations in Philadelphia and Miami, moving forward in its strategy to grow the division’s major market presence.

In the trade, CBS RADIO has acquired Philadelphia stations WRDW-FM and WXTU-FM, and Miami stations WKIS-FM, WPOW-FM and WQAM-AM. Beasley has obtained WIP-AM in Philadelphia; WHFS-AM, WHFS-FM, WLLD-FM, WQYK-FM, WRBQ-FM, and WYUU-FM in Tampa; and WBAV-FM, WBCN-AM, WFNZ-AM, WKQC-FM, WNKS-FM, WPEG-FM and WSOC-FM in Charlotte.

This marks the first time CBS RADIO will operate stations in Miami, where CBS already owns two television stations. The Company operates duopolies in 15 markets nationwide, including 11 of the top 15 radio markets.

About CBS RADIO
CBS RADIO is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. Producing original audio and video content, live events and exclusive programming broadcast via on-air, online and mobile platforms, CBS RADIO reaches more than 72 million consumers nationwide each week. As a part of CBS Corporation, the division owns 117 radio stations in 26 markets – including all of the top 10 as ranked by Nielsen Audio – as well as an extensive array of digital assets. CBS RADIO distributes its programming via AM, FM and HD Radio stations, Radio.com and CBS Local Digital Media apps, making engaging with audiences easier than ever before. For more information on CBS RADIO, please visit www.cbsradio.com.