News

It was no secret CBS corporate wanted any deal for its radio assets to be tax friendly - enter the "Reverse Morris Trust." A Reverse Morris Trust is a tax-optimization strategy that makes the deal tax-free to CBS shareholders.

If this deal goes through, Entercom will go from owning 125 stations in 28 markets to owning 244 stations in 47 markets. There are six markets the company has identified as markets where they will be over the limit and have to divest. Those markets are...

There will no doubt be several other players in this mega-merger between Entercom and CBS. With 6 markets set to exceed FCC ownership caps, other owners are now looking at the ratings for possible spins they can bid on and checking their bank accounts to see if they have the cash. Or, could there be another way? Let's dig deep into the possibilities...

He came in after Dan Mason with an eye toward either selling CBS's radio division or spinning it public. Once the merger between CBS Radio and Entercom closes, which is expected in the second half of the year, CBS Radio President and CEO Andre Fernandez will exit. So who will lead this new larger company after it closes?

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."

The deadline has passed for radio stations to take, or leave, a temporary licensing deal with Irving Azoff's Global Music Rights group. The temporary license was offered by GMR as the two sides battle in court over what radio should eventually pay for the rights to GMR's recordings.

New FCC Chairman Ajit Pai has been one of the biggest proponents of AM radio. However, former FCC Chairman Wheeler didn't seem to have the same level of passion for saving the old frequency, so much of what Pai wanted to get done to help AM broadcasters simply fell by the wayside.

On Thursday, SiriusXM reported Q4 2016 revenue and revenue for the full year. Q4 revenue was a record $1.3 billion, up 9% over 2015, and for the full year revenue was $5.0 billion, up 10% over 2015.

Thursday, Feb. 9 is the deadline to enter the prestigious 2017 Edward R. Murrow Awards. Early bird rates end Friday, February 3, after which the full rate will apply. The entry prices shown online will switch over to the full rate after Friday.

Fox8.com is reporting that former Cleveland radio personality Joseph Spooner has been sentenced for profiting from a fundraiser intended for a woman with cystic fibrosis. It’s a story Radio Ink began covering in late December, and it hasn’t ended well for Spooner.