Entercom Communications and CBS are looking to unload a handful of big-name Boston radio stations as part of an ongoing merger.
The local media industry has been buzzing for months about the impending merger of radio giants CBS and Entercom. Between the two companies, they already own 10 stations in the market, so it was clear from the start that something would have to change.
Entercom refused to confirm which radio stations they would be divesting as part of the merger process, and CBS Radio —through a statement— declined to comment on Tuesday, October 10.
No buyers have been yet announced for the spinoffs. The amended proxy statements filed by ENTERCOM and CBS for their post merger shares indicate that the sales will generate US$256 million for the company.
Full Content: Boston Herald