Question
Prior to 2008, CBS Corp. owned approximately 18% of Westwood One, Inc. which managed the CBS Radio Network. CBS, in turn, managed Westwood under a
Prior to 2008, CBS Corp. owned approximately 18% of Westwood One, Inc. which managed the CBS Radio Network. CBS, in turn, managed Westwood under a management agreement. Further, one employee of CBS was a member of Westwoods board of directors. CBS did not control the board of directors, however. In this situation, how should CBS account for its investment in Westwood One?
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Forensic Accounting And Fraud Investigation For Non-Experts
Authors: Stephen Pedneault, Frank Rudewicz, Howard Silverstone, Michael Sheetz
3rd Edition
0470879599, 9780470879597
