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Media Notes

DEADLINE.com's David Lieberman noted CBS during its Q1 report yesterday indicated it "plans to spin off its radio stations" in an IPO that would be filed with the SEC "by the end of July." The company also "remains open to an outright sale." CBS Chair, President & CEO Les Moonves said he would "absolutely" consider offering CBS on Hulu's planned skinny bundle service "if they offer us the right pricing for our subs." Moonves also predicted that the net's NCAA Tournament contract "will be profitable every single year" (DEADLINE.com, 5/3).

VICE GRIPS: The WALL STREET JOURNAL's Keach Hagey writes ESPN and Vice Media's production and distribution deal is a "sign of the increasingly interesting alliances that are being forged as the cable TV bundle comes under pressure from cord-cutting, particularly among the young audiences that Vice is targeting." Disney over the last two years has "ramped up its investment in Vice to become its largest outside stakeholder." Disney last fall invested $400M for a roughly 9% stake in Vice (WALL STREET JOURNAL, 5/4).

EYE OF THE BEHOLDER: VARIETY's Andrew Wallenstein noted ESPN's recent talent departures "feed into a more macro narrative" about the net, which "finds itself in a newly precarious state as its subscriber numbers drop and its parent company feels the pain from the decline of the most valuable asset" in Disney Chair & CEO Bob Iger's portfolio. ESPN "isn’t sitting idly by as the brain-drain conventional wisdom takes hold." However, the fact the net has "retained most of its talent just isn't as sexy a story as the notion that onetime loyalists are fleeing a crumbling empire" (VARIETY.com, 5/2).

PLUG PULLED: In Maine, Larry Mahoney notes WSYY-FM Owner Jim Talbott "had to pull the plug on carrying the Red Sox games" on the station. Talbott: "It's just too expensive. We lost a lot of money on it last year." Local business owners "don't have the money to sponsor the broadcasts." Talbott "has negotiated" with WEEI-FM representatives over the years to "get a lower rights fee." However, he said, "They can't drop (the price) any lower" (BANGOR DAILY NEWS, 5/4).

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