CBS Chief: Radio Unit Sale Has Redstone’s Support

Variety: Sumner Redstone opposes Viacom’s plans to sell a stake in Paramount Pictures, but he’s on board with CBS’s plans to sell or spin off its radio division, according to CBS chairman and CEO Les Moonves. CBS in March announced it would explore a sale of the 117-station CBS Radio group. “Our situation with radio has absolutely nothing to do with Viacom,” Moonves said.