Entercom Enters Several Deals on Road to Merger Closing
Entercom announced a series of agreements in connection with its pending merger with CBS Radio, including: A settlement with the Antitrust Division of the U.S. Department of Justice that will allow Entercom and CBS Radio to move forward with the proposed combination; Asset exchange agreements with iHeartMedia, and Beasley Broadcast in Boston, Seattle, Richmond and Chattanooga; and a Local Marketing Agreements with Bonneville in San Francisco and Sacramento. In connection with these agreements, Entercom now expects its proposed combination with CBS Radio to close as early as November 17, pending approval from the Federal Communications Commission.