Entercom sells some towers to ATS; Is Boston affected?

[Dan.Strassberg]

According to Tom Taylor's column today at Radio-Info.com, Entercom has
sold some of its towers to American Tower Systems. Apparently the
tower company had more cash on hand than Entercom did and Entercom was
able to use the infusion of cash to improve its balance sheet, which
it may have needed to do to meet commitments to its creditors. Anyhow,
Entercom owns (or maybe now the correct term is owned) six towers
here that are well known to ATS: WRKO's three in Burlington and WEEI's
three in Needham. Entercom acquired the six towers from ATS's
presecessor, American Radio Systems, when it bought the stations from
ARS, maybe a decade ago. Back then, ARS, which then changed its name
to ATS, apparently decided that owning and operating broadcasting and
communications towers would be a better business than owning and
operating radio stations. I suspect that, at least during the
recession, that hunch has proven correct. So are the WRKO and WEEI
towers now back in the hands of the folks who sold them to Entercom?

-----
Dan Strassberg (dan.strassberg@att.net)
eFax 1-707-215-6367