How much did Entercom pay for CBS Radio?

When did Entercom buy CBS Radio?

Audacy, Inc. is an American broadcasting company based in Philadelphia, Pennsylvania. Founded in 1968 as Entercom Communications Corporation, it is the second largest radio company in the United States, owning 235 radio stations across 48 media markets. Audacy, Inc. In November 2017, the company merged with CBS Radio.

Does CBS own Entercom?

After completion of the merger, CBS Radio shareholders will receive approximately 105 million Entercom shares, or 72% of all outstanding shares of the combined company on a fully diluted basis. Existing Entercom shareholders will own 28% of the combined company on a fully diluted basis.

What companies does Entercom own?

In 2017, Entercom acquired CBS Radio, establishing it as the No. 2 radio broadcaster (after iHeartMedia) and giving it the digital audio platform. In 2019, it bought podcast companies Cadence13 and Pineapple Street Studios.

What happened to CBS Radio?

The broadcasting company was sold to Entercom (now known as Audacy, Inc.) on November 17, 2017. CBS Radio Inc.
CBS Radio.

Formerly Infinity Broadcasting (1997–2005)
Fate Acquired by Entercom (now Audacy, Inc.)
Successor Entercom (now Audacy, Inc.)
Headquarters 345 Hudson Street New York, N.Y. 10014 , U.S.
Area served Nationwide

When did Audacy buy Entercom?

March 30, 2021

Disney-branded music stations returned to the Audacy app in a new deal in August 2022. On March 30, 2021, Entercom rebranded both the company itself and as Audacy.

Did Audacy buy Entercom?

Entercom radio station owner rebrands as Audacy, bullish on podcasting, sports bets. Known for KYW and WIP radio stations in Philly, Entercom will now be calling itself Audacy. Aiming to become a bigger player in podcasts and sports betting, Philadelphia-based radio giant Entercom Communications Corp.

When did Radio Caroline stop?

After the Marine Broadcasting Offences Act was passed in 1967, Radio Caroline continued to broadcast from ships until 1991, when the Ross Revenge ran aground off the Kent coast.