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Westwood One Expands Digital Offerings With Online News Service

After a slow start, the big radio network Westwood One (managed by CBS Radio) is expanding its digital portfolio. Gary Krantz, who was hired as the company’s first chief digital officer back in September, tells THR that Westwood is about to launch Metro Web News, an online news service. Westwood has signed up 150 sites – primarily radio sites – to serve as affiliates, much in the same way it has agreements with terrestrial stations. It’s slated to go live April 15 with up-to-the-minute news digests, including text, audio, photos, thumbnail video, etc.
In a Q&A with THR, Krantz, who decamped from left-of-center radio network Air America to come to Westwood, also notes that the company is working on several partnerships with content providers, like CNN, as well as a mobile deal for some of its talk shows. Additionally, Westwood also has a deal with MSnap to provide text-messaging solutions to advertisers.
As for the rest of the interview, Krantz proves elusive on why it took Westwood so long to adopt digital formats and declines to reveal plans to monetize a radio archive that dates back 70 years. On whether XM and Sirius should be allowed to merge, he pleads that Westwood is “distribution agnostic.”

Content-Economics: Paid Content

CBS/CSTV Buys High School Football Site MaxPreps

CBS has bought out high school sports/football site MaxPreps, and the business will become part of CBS-owned CSTV (College Sports Television). Terms were not disclosed.
Launched in 2003, MaxPreps.com publishes detailed high school sports information to a nationwide audience. The company aggregates its sports information from a network of thousands of high school coaches, professional photographers and freelance writers. It was funded by DFJ Frontier, Dolphin Equity, and BEV Capital, and based in Cameron Park, CA. CSTV is the college sports network CBS bought last year for $325 million.
Details in release.
Release: High School Sports Info Provider Receives $7 Million Funding

Content-Economics: Paid Content