CBS radio chief spells it out for you.

fernandez-andreCBS Radio President Andre Fernandez did some fast talking to attempt to walk back some of what CBS Corporation CEO Les Moonves said about the future of that radio division: “First, the primary course of action CBS Corp. is pursuing is to split CBS Radio off via an IPO. There are many exciting benefits to a move like this, including the opportunity, down the road, to define our own operating strategy.” However, Fernandez continued, “There are also other paths being explored for CBS Radio, including the possibility of becoming part of another company.”