During its Q2 earnings call Monday night, CBS executives confirmed its deal to merge the CBS radio stations with Entercom is on track to close in the fourth quarter. The company said the SEC has approved the deal and now both companies are only waiting on approval from the Department of Justice. Q2 revenue for CBS overall increased 9% to $3.26 billion from $2.98 billion in Q2 of 2016. CBS Radio revenue was $306 million in Q2, down 2.2% from $313 million in the Q2 2016.
