CBS Signs Online Radio Deal With AOL and XMRadio.com to Become Exclusive Home on the Internet for Unrivaled Commercial- Free Music Plus Oprah, Dylan, Opie & Anthony and More

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City of Industry, CA --(www.USEquityNews.com)-- 03/10/2008 - Broadcasting industry alert provided by U.S. Equity News. CBS Radio (NYSE: CBS) is teaming up with AOL to provide online streams from all 140 of its stations to AOL's online radio service. The deal announced recently will bring local news, sports and music programming from big CBS stations to AOL, including WFAN-AM and 1010 WINS in New York. Streams from the CBS stations will be added to AOL's already large offerings of music and other radio channels.


Corus Entertainment Inc. (NYSE: CJR) announced recently that the Company has reached an agreement to purchase the analog specialty television service CLT (Canadian Learning Television) from CTVglobemedia. The transaction is subject to approval by the Canadian Radio-television and Telecommunications Commission (CRTC). The acquisition price for CLT is approximately $73 million Cdn (subject to the customary closing adjustments). "The acquisition of CLT represents another great growth opportunity for Corus Entertainment," said John Cassaday, President and CEO, Corus Entertainment.

XM Radio Online (www.xmradio.com) will become the exclusive home on the Internet for XM's commercial-free music channels, it was announced recently by XM Radio (NASDAQ: XMSR), the nation's leading provider of satellite radio. The commercial-free music channels that XM currently contributes to the AOL Radio lineup will no longer be available on AOL beginning May 1st, continuing AOL's transition to an advertising supported business model.

EPIC Corporation (OTC: EPIO) announced that it has entered into an agreement to purchase a television station in Northern California. EPIC's objective is to have a direct satellite link to market its original sports and entertainment programming potentially reaching over 4,000 independent stations nationwide that have a market for original and affordable programming. The company has received its booking, management and managers license for boxing and martial arts events.

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