Entercom’s Merger with CBS Radio: A Historical Analysis

Entercom, now known as Audacy, Inc., and CBS Radio, two prominent players in the radio broadcasting industry, underwent a significant merger that reshaped the landscape of radio ownership in the United States. This article explores the details of the merger, the subsequent acquisition by Entercom, and the implications of these events.

Merging with CBS Radio

On February 2, 2017, Entercom publicly announced its agreement to merge with CBS Radio, a radio broadcasting company and network operator owned by CBS Corporation. This decision marked a pivotal moment in the history of both companies and set the stage for significant changes in the radio industry.

Acquisition by Entercom

The merger between Entercom and CBS Radio led to the acquisition of CBS Radio by Entercom. The transaction was completed on November 17, 2017, through a “Reverse Morris Trust” structure. As a result, Entercom became the successor company, assuming ownership of CBS Radio’s assets and operations.

Operations and Ownership

The merger with CBS Radio positioned Entercom, now Audacy, Inc., as a major player in the radio industry. With operations in 23 of the top 25 markets, the company became the second-largest owner of radio stations in the United States, ranking just behind iHeartMedia.

End of Network-Owned Radio Stations

The completion of the merger between Entercom and CBS Radio marked the end of an era for network-owned radio stations in America. This merger involved one of the original “Big Three” broadcasting networks, CBS, which, along with ABC and NBC, had long played a significant role in the ownership and operation of radio stations throughout the country.

In conclusion, the merger between Entercom and CBS Radio, resulting in the acquisition of CBS Radio by Entercom, reshaped the radio broadcasting industry in the United States. Entercom, now Audacy, Inc., emerged as a major player in the market, with operations in key markets across the country. Moreover, this merger marked the end of an era of network-owned radio stations involving the original “Big Three” networks. The impact of this merger continues to shape the radio landscape in America.

Sources

  1. Wikipedia: Audacy, Inc. – https://en.wikipedia.org/wiki/Audacy,_Inc.
  2. Wikipedia: CBS Radio – https://en.wikipedia.org/wiki/CBS_Radio
  3. PR Newswire: CBS Corporation Completes Split-Off Of CBS Radio – https://www.prnewswire.com/news-releases/cbs-corporation-completes-split-off-of-cbs-radio-300558552.html

FAQs

Is Entercom part of CBS?

No, Entercom is not part of CBS. However, there has been a significant merger and acquisition between the two companies that reshaped the radio broadcasting industry in the United States.

What is the history behind Entercom’s merger with CBS Radio?

On February 2, 2017, Entercom announced its agreement to merge with CBS Radio, a radio broadcasting company and network operator owned by CBS Corporation. This merger set the stage for significant changes in the radio industry.

How did Entercom acquire CBS Radio?

Entercom acquired CBS Radio through a “Reverse Morris Trust” transaction. The acquisition was completed on November 17, 2017, resulting in Entercom assuming ownership of CBS Radio’s assets and operations.

What impact did the merger have on Entercom’s operations and ownership?

The merger with CBS Radio positioned Entercom, now Audacy, Inc., as the second-largest owner of radio stations in the United States. With operations in 23 of the top 25 markets, Entercom significantly expanded its presence in the industry.

Did the merger mark the end of network-owned radio stations involving CBS?



Yes, the completion of the merger between Entercom and CBS Radio marked the end of an era for network-owned radio stations involving CBS. This merger involved one of the original “Big Three” broadcasting networks, signifying a significant shift in the industry.

How did the merger impact the radio industry in the United States?

The merger between Entercom and CBS Radio reshaped the radio broadcasting industry in the United States. It consolidated ownership and operations, making Entercom a major player with a significant presence in key markets across the country.

What is the current name of Entercom after the merger?

After the merger, Entercom rebranded itself as Audacy, Inc. The company continues to operate as a prominent radio broadcasting company in the United States.

Are there any other notable developments or partnerships related to Entercom/Audacy?

Since the merger, Audacy has made various developments and partnerships, including expanding into digital platforms, podcasting, and live experiences. These initiatives have contributed to Audacy’s growth and innovation within the radio industry.