Entercom Communications Announces Merger With CBS Radio

NEC member Entercom Communications Corporation recently announced it will merge with CBS Radio.

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.

The New England Council congratulates Entercom Communications on the merger. Read more in Worcester Business Journal and The Boston Globe.

img_side
mask_sidebar
Recently from the Blog

Media Panel Discusses Biden’s First 100 Days

05/3/2021 | Read Post

Second “Investing in Infrastructure” Program to Focus on Energy

04/29/2021 | Read Post

In the News

NEC Board Elects Three New Directors

04/27/2021 | Read Press Release

NEC Endorses Cannabis Banking Legislation

04/1/2021 | Read Press Release