Wednesday, November 01, 2017

Entercom-CBS deal approved by Dept. of Justice

Looks it's full-steam ahead now. From Inside Radio...

BREAKING: DOJ Approves Entercom-CBS Radio Merger.
In a crucial step toward closing the merger of CBS Radio and Entercom, the Antitrust Division of the U.S. Department of Justice has cleared the $2.86 billion deal. The settlement with the DOJ will see Entercom swap stations with iHeartMedia and Beasley Broadcast Group in Boston, Seattle, Richmond and Chattanooga and strike local marketing agreements with Bonneville International Corporation in San Francisco and Sacramento.