logo
Share SHARE
FONT-SIZE Plus   Neg

Entercom Communications To Acquire San Francisco's KBLX-FM - Quick Facts

Entercom Communications Corp. (ETM: Quote) announced that it has signed a definitive agreement to acquire 102.9 KBLX-FM from Inner City Media Corporation and its subsidiaries for $25.0 million in cash.

KBLX will become the fourth brand in Entercom's San Francisco cluster, joining Entercom's existing lineup of music station 96.5 KOIT-FM, sports talk station The Game 95.7 KGMZ-FM and classic rock station 98.5/102.1 KUFX-FM, the company said.

Entercom noted that it will begin operating KBLX under a time brokerage agreement or "TBA" which will take effect after approval by the U.S. Bankruptcy Court which is administering ICMC's bankruptcy proceedings and overseeing the sales process. Entercom expects the TBA to be approved in late April and plans to maintain the station's urban programming format.

The closing of the transaction is subject to certain customary closing conditions, including approval of the Federal Communications Commission which is expected later this year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Fox News pundit Bill O'Reilly remains under fire amid accusations that he trumped up his role in covering international events. Only weeks after a Mother Jones article raised doubts about his claims that he was in the "warzone" during the Falklands War, the Washington Post noticed that O'Reilly once... PayPal, the online payment unit of Ebay, said it has agreed to buy mobile payment company Paydiant as part of efforts to expand its mobile offerings for merchants. The deal comes at a time when the mobile payment space is suffused with prominent players like Apple and Google, with retailers seeking their own mobile payment applications. Google plans to launch a limited-scale U.S. wireless service, which while not taking on the big players in the industry, would nonetheless incorporate technical innovations that could be absorbed the carriers. This was announced by Sundar Pichai, a top Google executive, at the ongoing World Mobile Congress in Barcelona.
comments powered by Disqus
RELATED NEWS
Trade ETM now with 
Follow RTT