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
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
RELATED NEWS
Trade ETM now with 
Follow RTT