The merger between Entercom and CBS Radio would make the Entercomm the nation’s second largest radio group with an expected total revenue after the merger of $1.7 billion. The merger would consolidate 244 stations in over 45 markets under one company. However, because of Federal Communications Commission requirements capping station ownership within certain markets, the new company post-merger is expected to divest 15 stations.
“We are going to put together a thoughtful plan . . . and try to facilitate an orderly process here that works for all,” said Entercom Chief Executive David J. Field regarding the required divestitures.