While Viacom (VIA) hasn't done that great, CBS (CBS) has seemed to be making all the right moves since its spin-off from its parent company.
They've gotten rid of their amusement part business when they sold it to Cedar Fair (FUN) earlier in the summer, and just recently announced 
that it had made a deal to sell seven of its radio stations in Fresno for $90 million to the Peak Broadcasting company.
This continues the trend of larger companies getting rid of smaller market radio stations as they put a drain on their bottom line. CBS isn't getting rid of its entire radio business though, as it accounts for 30 percent of the companys' operating profit while being 14 percent of the overall revenue.
The larger market radio stations do blend in good with CBS' television, outdoor advertising and publishing businesses as they cater to the sponsor network they're built up for.
Since the company has been on its own, they have had threee increases in dividends and the stock has risen while Viacom hasn't really done anything.
Once they're through shedding the extra weight, that's when it'll be interesting to see what direction they take the company.
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