Entercom and CBS Corp merging radio stations

In addition to Entercom's WEEI sports radio and CBS's 98.5 The Sports Hub, other Boston stations in the deal include CBS's news AM powerhouse WBZ, Mix 104.1 FM, and WZLX 100.7 FM.

The final pricetag on the deal for CBS is unclear, but the Eye intends to use the proceeds to buy back CBS Corp. shares.

Former refugee Loul Deng speaks out on Trump's travel and immigration ban
Following the Lakers' win against the Denver Nuggets, Deng spoke to media for the first time since the executive order was signed. Luckily, Deng whose family eventually settled in the United Kingdom after escaping Sudan as refugees, is from South Sudan.

If given the OK, the new entity would become the second-largest radio station owner in the US, based on combined revenue in 2016. Entercom Chief Executive David Field will lead the combined company.

CBS and Entercom say that their combined radio business will own 244 stations across the United States, and will be the country's second biggest radio broadcaster by revenue. They will operate under the Entercom name, with a corporate headquarters in Philadelphia.

Two suspects arrested after Quebec mosque shooting kills six, injures eight
Meantime, Quebec police say the situation is under control, tweeting "mosque premises secured, occupants have been evacuated". The CBC reported that somone left a pig's head on the mosque's doorstep this past June, during the holy month of Ramadan.

The tax-free merger was made possible through the Reverse Morris Trust transaction, where a parent company merges into a spin-off group. After completion of the merger, CBS Radio shareholders will receive approximately 105 million Entercom shares, or 72% of all outstanding shares of the combined company on a fully diluted basis.

The deal is expected to be completed in the second half of this year and expected to be tax-free for New York-based CBS and its shareholders. According to CBS, the deal is created to be tax-free to CBS shareholders through a complex process known as a reverse Morris trust, which begins with an offer to existing CBS Corp. shareholders to exchange their stock for shares in the enlarged Entercom.

New Game of Thrones Story Included in Fantasy Anthology Released in 2017
Season 7 of the HBO series - in which the storyline has progressed past what happens in the books - is due out in mid-2017. Cherryh, and Elizabeth Bear are some of the contributing authors. "I thought the same thing a year ago .

(Copyright © 2015. All Rights Reserved.)
 
Recommended

CalExit measure gets OK to collect state ballot signatures
The support for independence apparently rose in the wake of Donald Trump's election in the November presidential election. Californians have always been upset to find fewer tax dollars enter their state than leave.

Jeunghun Wang dreams of Masters debut after Qatar Masters victory
Van Zyl looked favourite when he found the green in two shots, but he three putted for par. Only Matteo Manassero and Seve Ballesteros achieved the feat more quickly.

Florida woman says cleavage got her kicked off Spirit Airlines flight
The airline alleged rather that the woman was intoxicated and creating a scene, causing other passengers to complain. The woman was rebooked on another flight and Spirit say they plan on getting in touch with her.

Shell can't be sued in London for Nigeria oil spills - Court
King Emere Godwin Bebe Okpabi, ruler of the Ogale, said: "Our community is disappointed but not discouraged by this judgement". Shell also denies responsibility for the spills, which it says were due to sabotage and illegal refining.

Starbucks Makes Voice Ordering Command Available On App And On Amazon Alexa
It will see a wider release this summer, followed by implementation in the Android app by the end of the year. As with Alexa's Domino's Pizza skill , placing an order with Alexa voice commands is simple, but limited.

'Unnecessary risk': FDA says homeopathic teething product is toxic, company won't recall
Romper reached out to the product's manufacturer, Standard Homeopathic Company in Los Angeles, and is awaiting a response. All Hyland's products related to teething rings or other teething products should be avoided for the safety of the babies.

Mexico should cancel meeting if they won't pay for wall
CAP says changes in the relationship over the last 25 year have improved trade, cross-border migration and security cooperation. The Republican-controlled Congress would need to supply billions of dollars more if the wall is to be anywhere near completed.

Mobius Final Fantasy Getting Steam Release, Final Fantasy VII Collaboration Annouced
Hamaguchi also noted that "players will be able to enjoy the game in extremely high quality in the realm of 60 FPS to 120 FPS". Commenting on the crossover, Hamaguchi said that players of Final Fantasy 7 Remake will be joining Cloud on his adventures.

Lawsuit alleges more rapes by Bayor football players
According to the lawsuit , Baylor football promoted a "show 'em a good time" culture and "used sex to sell " the school to recruits.

Oscar-nominated Emmanuelle Riva dies in Paris, age 89
Famed in France for her reserve, Riva never married or had children, and chose to keep her illness private. Riva described Amour as a gift, and couldn't quite believe she'd been given it.

Wade back injury sees Finch captain, Handscomb to keep
Smith, 27, was injured while fielding in Australia's ODI win over Pakistan in the last match of their 4-1 series victory. This will be another big test for Kane Williamson , who is still relatively young in his stint as New Zealand captain.

Revenues From Google's Cloud, Hardware And Play Units Grow in Q4
Revenue came in at $26 billion powered by strength in sales of its cloud offerings, like Azure, which almost doubled. For a company of Alphabet's size, that's pretty tremendous", said CFRA analyst Scott Kessler.

Roger Federer savors 'extra special' Australian Open win
After that he'd play Indian Wells and Miami before a European clay court schedule he hadn't yet fully planned. Federer added: "Look, I've had a tough year last year".

British economy grows 0.6% in final quarter of 2016
A higher trade deficit subtracts from economic growth because it means more production is being supplied from overseas . It is also much lower than the growth rate trend before the downturn, which averaged 2.9% a year over 10 years.

Joe Thomas jokes about doubling win total after AFC Pro Bowl victory
The ball went to Bills' DE Lorenzo Alexander , who ran out past the 20 before lateraling to the Broncos' Aqib Talib . The NFC lost despite finishing with seven sacks, including three by Minnesota Vikings defensive end Everson Griffin.


More News

News
More News