Entercom-CBS-Beasley-iHeart

[Rob Landry]

On Sat, 4 Nov 2017, Doug Drown wrote:

> I'm baffled as to why the FCC would allow the sale of WBZ (or any station,
> for that matter) to a company teetering on the edge of bankruptcy.

It's not being sold; it's being traded. Eyeheart is givig up its Richmond, 
VA cluster and one other.

There are unwelcome tax consequences to a sale, so no one in this deal is 
selling anything.

> That's on top of my bewilderment as to why CBS would want to sell it to
> begin with.

They've decided to exit the radio business.


Rob