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Radio Ink
- Radio's Premier Management and Marketing Magazine
Eric Rhoads - Chairman
Deborah Parenti - Publisher
Ed Ryan - Editor-in-Chief
Brida Connolly - Managing Editor
Adrian Zupp - Reporter
 
BREAKING NEWS
Entercom Purchases Jerry Lee's WBEB in Philadelphia
 
Entercom announced this morning that it has reached an agreement to acquire 101.1 MORE FM (WBEB-FM)/Philadelphia from Jerry Lee Radio for $57.5 million in cash. The company has  also entered into an agreement to divest 92.5 XTU (WXTU-FM) in Philadelphia to Beasley Broadcast Group for $38 million in cash.

Entercom CEO David Field said, "We are very pleased to add the legendary WBEB, one of the country’s most recognized and awarded stations, to our group. It is a terrific addition to our lineup that will enhance our ability to serve our listeners, customers, and the community. I tip my cap to Jerry Lee, one of the industry pioneers and a visionary leader who built B101 into such a special station and has done so much for radio over the decades. We are saddened to say goodbye to our colleagues at WXTU, but know that they will be in great hands."

A Local Marketing Agreement for WXTU will begin Monday, July 23. The transactions are expected to close by the end of the third quarter of 2018.

More at www.radioink.com.

 
 


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