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US: DOJ OKs Entercom divestiture as remedy for CBS Radio acquisition

By  |  November 1, 2017

Entercom Communications will divest 13 radio stations as part of an agreement with the Justice Department to proceed with its acquisition of CBS Radio.

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    The settlement with the DOJ, unveiled on Wednesday, November 1, requires that Entercom, based in Philadelphia, divest five stations in Boston, four in San Francisco and four in Sacramento. The merger will give Entercom 235 stations across the country.

    Entercom is swapping stations with two other companies, iHeartRadio and Beasley Broadcast Group, as part of the transactions.

    “The required divestitures will protect competition for local businesses that advertise on radio stations in Boston, San Francisco, and Sacramento,” said Makan Delrahim, assistant attorney general in the Justice Department’s antitrust division. “The elimination of this competition would have resulted in higher prices to businesses in those markets.”

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