Tax Break Aids New CBS Radio Detroit Facility
September 4, 2012 at 4:56 AM (PT)
A tax break approved by SOUTHFIELD, MI's City Council last week has paved the way for CBS RADIO to consolidate all of its DETROIT-market stations in a new facility in SOUTHFIELD, reports the OBSERVER AND ECCENTRIC NEWSPAPERS.
The move, enabled by a $73,000 five-year personal property tax abatement approved in a 6-1 vote, will bring stations presently in three locations in SOUTHFIELD, FARMINGTON HILLS, and FERNDALE to an almost 41,000 square foot building formerly occupied by PANASONIC in northwest SOUTHFIELD. CBS told the Council it will spend $2.8 million on the property and construction.
CBS' DETROIT cluster includes Sports WXYT-F (97.1 THE TICKET), News WWJ-A, Talk WXYT-A, Top 40 WDZH (98.7 AMP RADIO), Classic Hits WOMC, and Country WYCD. CBS also owns two TV stations in the market, CBS affiliate WWJ-TV and CW affiliate WKBD-TV (THE CW 50).