CBS Radio will benefit from changes in format, selling of low-margin stations, and usage of new media to increase scope and reach. In February 2009, CBS Radio signed a multiyear sponsorship deal with concert-provider Live Nation. As part of the deal, CBS will help market Live Nation's 12,000 annual concerts as well as co-sponsor new events with Live Nation. This latest move into developing its radio segment proves that the company is creatively innovating into preexisting technologies in order to adapt to the changing advertising realm surrounding media like radio and tv. With a bolstered radio division, CBS will be able to capture more advertising revenue that it may be losing through other traditional channels like television.