CBS Agrees To Merge Radio Business With Entercom – DeadLine

CBS Radio — the operation that launched the entertainment company in the 1920s — is about to have a new owner: CBS says this morning that it has a deal to merge the radio business into Entercom Communications, creating a company with 224 stations including 23 of the 25 biggest markets.
The transaction, expected to close in the second half of this year, will be made as a tax-free Reverse Morris Trust. CBS shareholders will have an opportunity to exchange their stock ...

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