WW1 Shareholders OK CBS Deal
February 13, 2008 at 11:45 AM (PT)
Shareholders of WESTWOOD ONE have voted to approve the company's new long-term agreements with CBS RADIO. The vote took place at WESTWOOD ONE's annual meeting on FEBRUARY 12th.
Closing of the deals remains subject to other conditions, including a determination by WESTWOOD ONE's board that it has sufficient finances to continue in operation after closing.