Entercom to Divest 3 Stations to Educational Media Foundation for CBS Radio Deal
Entercom will divest three stations to Educational Media Foundation in connection with its proposed buy of CBS Radio, Entercom said in a news release. The FMs, divested to bring the deal in line with FCC ownership rules, are KSWD Los…
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Angeles, KSOQ San Diego and WGGI Wilkes-Barre, Pennsylvania. “We have made great progress towards the completion of our merger with CBS Radio and this agreement with EMF brings us one step closer,” said David Field, Entercom CEO. California nonprofit EMF operates 770 FM stations and translators specializing in adult contemporary Christian music, the release said. “We remain on track to close the CBS Radio transaction later this year,” said Field.