Headlines

The long-awaited closing draws nearer as CBS Corp. announces that for each share of CBS Class B Common Stock accepted in its exchange offer, announced earlier, shareholders will receive up to 5.6796 shares of "Radio Common Stock" created just for the purpose of the CBS Radio/Entercom merger. When the deal closes, those shares will be converted to Entercom stock.

Yesterday Andy Bloom (pictured here) wrote a piece about why managers should support someone like WBZ-FM/Boston sports talker Mike Felger after he made a tasteless and offensive comment. And your comments came rolling in. Here's Bloom's column again and what you had to say about it...

Educational Media Foundation picks up WJKE-FM/Albany, NY from Empire Broadcasting for $550,000.

WMJX-FM, normally home to a "Today's Hits & Yesterday's Favorites" format, is another of the early birds on the dial to flip to Christmas music....

Westwood One's has announced its list of holiday specials, hosted by a stellar lineup of artists. This year, the yuletide festivities commence with a side of turkey first -- A Thanksgiving Weekend Celebration with Chris Young -- a four-hour country music special available to stations Thursday, November 23 – Sunday, November 26, between 6 a.m. and 12 midnight.

WGN Radio has announced it will do a series of live broadcasts from the “Saturday Night Live: The Experience” exhibition inside the Museum of Broadcast Communications at 360 North State Street in Chicago. The series will begin on Tuesday, November 21 with The Steve Cochran Show from 6 a.m. to 10 a.m

94.5 KTI’s “Truck for the Troops” radiothon raised $41,896 to replace a broken-down service vehicle for USO Wisconsin. The all-new truck has all the mod cons, and will mainly serve service members training at Fort McCoy. The radiothon ran from 5 a.m.-5 p.m. on Friday, November 10.

Beasley's WRAT will hold its 19th annual "Broadcast to Benefit the People of New Jersey Thanksgiving Season Collection Drive" at Shoprite (Route 66, Neptune), Monday, November 20, 6 a.m.-midnight, and Tuesday, November 21, 6 a.m. until 7 p.m. "The Rat" will attempt to fill the 21st truck in the history of the event to benefit those in need in the community.

And as we mentioned last week, we are hearing the word bankruptcy more than we ever have in the past. Two weeks after choosing to default on a $23.6 million interest payment on 7.75% senior notes due 2019, Cumulus has disclosed a previously confidential term sheet that includes pre-packaged Chapter 11 details.

At Forecast 2018 tomorrow, Marla Kaplowitz, president and CEO of the American Association of Advertising Agencies, and Bob Liodice, CEO of the Association of National Advertisers, will appear in a joint keynote presentation at New York City’s Harvard Club. The session will be moderated by Christine Travaglini, president of Christal Radio and Katz Partnerships.