CBS Radio merger into Entercom has closed

CBS split off the radio assets into CBS Radio which were given to eligible CBS shareholders at about 5.6 shares per share of Class B stock. CBS Radio shares will convert to Entercom Class A shares. CBS will retire about 17 million shares of CBS Class B (Sumner Redstone controls CBS via his Class A shares with 10:1 super voting rights)

To satisfy the FCC and Department of Justice, a total of 19 stations are changing owners. iHeart (Clear Channel) is picking up 4 stations in Boston including WBZ-AM and WRKO-AM, but iheart has to also dump 4 existing stations it owns. In exchange, iheart gives up stations in Seattle and Richmond Virginia to Entercom (including heritage WRVA-AM)

As a bonus, Entercom is inheriting about $1.3 billion in long term debt from CBS Radio and negligible tangible assets ($157 million)

EMF (the parent of K-Love) is also picking up some useful stations.

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12 Responses to CBS Radio merger into Entercom has closed

  1. Parrott says:

    Hey guys, ole Charlie Rose is done. Ha ha ha ha, didn’t see that one coming !
    ha ha ha who walks around the office naked ? ( other than Joe Biden) Cobra Cobra Cobra.
    I don’t have to see that condescending bastard on CBS morning anymore, Ha ha.
    Just bitter ‘Nora’ and that hot Gayle King!

    • TheChairman says:

      Another one bites the dust… except these ‘revelations and accusations’ are a propaganda campaign being stoked and orchestrated by MSM/libs for 2020.

      Rose is just another sacrificial lamb in the gender war (i.e. war on men). The MSM has provided cover for these people for decades, this is not ‘new’ info.

      The race card is worn and defaced, so the sex card will now be played at every turn. Operation ‘White guilt 2008’ is being supplanted by ‘Man hate 2020’.

  2. Parrott says:

    Yeah, I use to listen to WRVA, but they went iheart radio and I moved on.

    maybe they will get rid of that and go with something easy to stream.

    • CC1s121LrBGT says:

      I’m no fan of iHeart but it is not that hard to stream. If you like WRVA, just bookmark this page and it will start streaming right away with no clicking:

      If you prefer the iHeart app on your phone, it is clunking and annoying but you can set it so that as soon as you launch it, it will resume playing the last station you streamed. If you only use it for WRVA, it will automatically stream WRVA each time you launch it.

      With the Android Striker app, you can set it to automatically launch an app such as iHeart Radio each time you plug in earbuds or connect with Bluetooth. … I use Bluetooth to connect to my car stereo. In my wife’s car, I have to plug into the phone jack which it connected to her stereo’s AUX input. Not hard to set up, and a nice experience if you are on the road a lot. I am SiriusXM free!

      • Parrott says:

        CC : yeah I know it would probably stream just fine on Opera, but I hate the turds it puts on your computer and you have to look around and erase them, and they report google analytics and fraudbook, and other crap sites, that you clicked on it.
        Its just a principle thing. But I appreciate it.
        I try to get VLC to run a stream from a station first, its the best.
        thanks though

        • CC1s121LrBGT says:

          It works great from A free app that I recommend as strongly as I had recommended VLC. Check it out. It is free, no need to buy their fancy skins AND it lets you record so you can create your own podcast. It’s better than sliced bread. It’s cookin’ with gas. It’s not your father’s Oldsmobile. LOL

        • CC1s121LrBGT says:

          Have you tried right clicking on a streaming page with google chrome? If you select “Inspect” and then go to the Network tab and hit F5 to refresh, Google Chrome will see the streaming link you need for VLC.

    • Parrott says:

      Killer pic ‘CC’ , I had that ant Farm. I won it from WJJJ 1260 AM, back in 1976.
      They were giving them away because of a movie. I also won a Elvin Bishop album once. I bet it’s out at my parents house somewhere. Ant farm is gone. I think I mangled the ants putting them in the farm. They never liked the farm.


      • CC1s121LrBGT says:

        That’s funny. I had never noticed the ant farm. Since you got that one from WJJJ, I’d be willing to bet that they were at one time also given away by “FROGGY 101” lol.

        Back in the day when that show was on, I had to be sure I had no food or drink nearby or I would have laughed it out my nostrils. Most episodes had me laughing that hard.

        Speaking of laughing, did you hear Chris Plante last week? He kept playing a quoting a tweet from George Takei a liberal actor that was on the original Star Trek and on Trump’s Celebrity Apprentice. In in Takei said that the United Federation of Plants had universal healte care.

        All week long, Plante was mentioning it and reminding George that there is no such thing as the United Federation of Planets and that it was only a TV show he was in half a century ago.

        Finally on Friday, Plante took a different approach. After quoting the tweet, he reminded George that “in the United Federation of Planets, we have Second Amendment Rights and everyone has weapons.” LMAO

  3. CC1s121LrBGT says:

    Per the article, K-Love is replacing the Froggy 101 simulcast on WGGI. People all over the world know “Froggy 101” from the popular sitcom, “The Office” due to character Dwight Schrute’s bumper sticker. In the series, it is also seen on a forklift in their warehouse and in a second office on the show used by a temporary character.

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