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Entercom inks time brokerage deal for radio station in Philadelphia

Entercom Communications Corp. and Jerry Lee Radio LLC signed a time brokerage agreement for the WBEB-FM radio station in Philadelphia.

The agreement became effective Aug. 9. In July, Entercom agreed to buy WBEB-FM from Jerry Lee Radio LLC in Philadelphia for $57.5 million in cash.

The purchase of WBEB-FM is expected to close by the end of the third quarter.