re : Entercom Enters Boston

[Mark Shneyder <mshbc@bu.edu>]

Mike wrote :

>According to All Access, it's now official.  Entercom has purchased ALL
>the CBS/ARS "leftover" stations, WAAF, WEGQ, WEEI, WRKO and WWTM for
> $140 million.

>WNFT, which is currently held in a separate trust, was not part of the
deal.
>In a separate transaction, CBS beefs up it's roster in Tampa by buying
WYUU
>and WLLD from Entercom for $75 million.  We'll have to see if any format
>changes are in the works before the fall book starts.  I heard the night
host

This is the same deal that was first rumored about 5-6 weeks ago.
The next step would be for Entercom to sell off WRKO and WEEI to Jacor
after the Nationawide merger is finalized(next week?).

- -M

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