Ryvicker Likes The Deal

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In a note to investors, respected Wells Fargo analyst Marci Ryvicker said the merger between Entercom and CBS was positive for both companies. “Bottom line, we think this deal is beneficial for both companies as it’s accretive for ETM, provides scale, offers potential dividend increases and a higher yield, and allows CBS ($64.14) to offload radio in a more value-creating way through cost savings and the ability to retire shares.”

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