Yahoo's plate is more than full at the moment; between battling Google, losing its CEO, and facing takeover rumors, figurative food is piled to the ceiling. It makes some sense, then, that responsibility for Yahoo Music's Launchcast Radio is getting largely handed to CBS.
CBS Radio is a huge operator, and CBS Radio will power Launchcast starting early next year. A new CBS Radio player will be offered through the Yahoo Music site, and CBS Radio is even scheduled to take over advertising sales.
It sounds like a no-lose situation for just about everybody. Shares of CBS stock, by the way, rose 14.2 percent today perhaps thanks to this and several other news items.
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