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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Microsoft’s MAI-1 to Compete with Google and OpenAI in AI Language Models
May 6, 2024 by
CPI
Qantas Settles ‘Ghost Flights’ Case With Australian Watchdog for $120 Million
May 6, 2024 by
CPI
Compass Lexecon Expands EMEA Presence with Opening of Lisbon Office
May 6, 2024 by
CPI
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI