Radio Ratio definition
Radio Ratio means the quotient obtained by dividing (a) the closing per-share price of CBS Class B Common Stock on the Conversion Date (or, if the Conversion Date is not a trading day, the last trading day before the Conversion Date), as listed on the Stock Exchange, by (b) the closing per-share price of Radio Common Stock on the Conversion Date (or, if the Conversion Date is not a trading day, the last trading day before the Conversion Date), as listed on the Stock Exchange.