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Entercom proposes to divest 19 radio stations in connection with CBS Radio deal

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Entercom proposes to divest 19 radio stations in connection with CBS Radio deal

Entercom Communications Corp. and CBS Corp. filed with the Federal Communications Commission amendments to their pending applications in connection with their planned deal to combine CBS' radio business with Entercom.

The amendments include a proposal to divest 19 radio stations to comply with the FCC's local radio ownership rule and/or to obtain clearance for the deal from the Antitrust Division of the U.S. Department of Justice. Entercom earlier proposed to divest 14 radio stations in connection with the closing of the deal.

The 19 radio stations in the divestiture proposal are: WBZ(AM), WZLX(FM), WBZ-FM, WKAF(FM) and WRKO(AM) in Boston; KSWD(FM) in Los Angeles; KHTK(AM), KNCI(FM), KYMX(FM) and KZZO(FM) in Sacramento, Calif.; KSOQ-FM in San Diego; KMVQ-FM, KBLX-FM, KOIT(FM) and KUFX(FM) in San Francisco; KFNQ(AM), KJAQ(FM) and KZOK-FM in Seattle-Tacoma, Wash.; and WGGI(FM) in Wilkes Barre-Scranton, Pa.

In September, Entercom struck a deal to divest three FM stations: KSWD-FM; KSOQ-FM; and WGGI-FM, to Educational Media Foundation.

Entercom agreed to combine with CBS Radio Inc. in a deal that is expected to be tax-free for CBS and its shareholders.