In the internal memo to his team, Entercom CEO David Field provided an update on how this massive merger is progressing. He expressed his appreciation to everyone for their patience. “We all want to see the deal close as quickly as possible, but these large mergers just take time. I am pleased to report that we are right on schedule and hard at work, making great progress in every area required to complete our merger successfully. Until we close the merger, keep in mind that it remains business as usual and Entercom and CBS remain separate companies.”
After making his senior management team announcement, Field went on to say that Entercom is building a company to win and thrive and prosper in the years ahead. “Radio is the #1 medium in the US and no company will have a stronger lineup of outstanding local brands, content, personalities, marketing solutions, digital assets, events and other resources. With our combined scale, we will be well positioned to play and compete at a higher level. We can’t wait to get started. Thanks again for all you are doing to excel in your jobs and help achieve our goals as we prepare for an exciting future. We will continue to keep you updated and informed as we progress forward.”
