Cumulus Media Inc. is a likely bidder to acquire CBS Radio Inc. from CBS Corporation, according to a report in the New York Post. New York Post has also reported that the planned sale could take place in the next 12-24 months. CBS is reportedly looking to sell CBS Radio.

CBS is denying the speculations, with a spokesperson quoted as saying: "We just bought a major station in New York and launched the CBS Radio Network. We are not selling CBS Radio."