On Nov. 1, the radio broadcasting industry’s speculation over who would be getting Entercom spin-offs, as required by the company to receive Department of Justice approval of its CBS Radio merger, came to an end.
The nation’s No. 1 broadcast company, iHeartMedia, is gaining some big AMs and FMs via an asset exchange with Entercom. In order to do that, iHeart has created a divestiture trust that sees the shift of two FMs in the Seattle market and one AM serving Boston sail away into the “Ocean.”
