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The No. 2 U.S. radio broadcaster CBS Radio said on Friday it will merge its more than 150 online radio stations with AOL's more than 200 online stations.

CBS Radio, a division of CBS Corp (NYSE:CBS), will take over advertising sales, the companies said in a joint statement.

This spring, CBS Radio plans to launch a new online radio player that incorporates the two companies' services and will also support Apple (NASDAQ:AAPL) Mac computers.

Time Warner CEO Jeffrey Bewkes has already said he plans to separate AOL's online media division from the fading dial-up business.

AOL is a division of Time Warner (NYSE: TWX).