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

Keolis Recognized for Diversity Leadership

11/20/2017 | Read Post

Dong Energy Changes Name in Move Towards Renewable Energy

11/20/2017 | Read Post

In the News

NEC to Honor New Englanders of the Year at 2017 Annual Dinner

10/25/2017 | Read Press Release

NEC Elects Six Respected Regional Business Leaders to Board of Directors

09/25/2017 | Read Press Release