CBS RADIO Sheds Staffers In Cost-Cutting Move

(From Reuters/The Hollywood Reporter -- By Georg Szalai)

CBS RADIO has laid off 115 full-time employees -- or about 1% of its total work force -- as part of a cost-cutting measure, sources familiar with the situation said Wednesday.

A spokeswoman at the CBS CORP. unit confirmed that the job cuts were announced internally Wednesday afternoon, but declined further comment.

CBS Radio has 179 stations, some of which it is planning to sell, and more than 8,500 full and part-time staffers.

The company wouldn't say how many of them are full-time employees.

CBS Radio Sheds Staffers In Cost-Cutting Move