As expected, Entercom shareholders have approved the company’s merger with CBS Radio. Philly.com reports that only four shareholders attended the special meeting to vote on the deal.
The deal is expected to close Friday, putting all CBS Radio stations under the management and leadership of Entercom. Philly.com further reported that Entercom will have the right to use CBS Radio branding for up to a year after the merger closes.
The consensus at The Radio Ink Conference in New York City Wednesday was that this deal is going to be good for the radio industry. When CBS stations are part of the Entercom family, Entercom will own 235 radio stations in 48 of the top 50 markets.
