In its first move toward divesting stations since the merger of CBS Radio and Entercom was announced, Entercom has submitted a public filing voluntarily turning in its license to operate Top 40 KDND (107.9 The End)/Sacramento, in order, the company said, "to facilitate the timely FCC approvals for the planned combination with CBS Radio."
Entercom said in its announcement of the CBS Radio deal that it would need to divest about 15 of its 244 stations to meet FCC ownership requirements. In Sacramento, the combined company would have had nine FMs and 2 AMs -- and so KDND has become the first to be relinquished.
See complete coverage of the Entercom/CBS transaction at www.radioink.com.
Entercom said in its announcement of the CBS Radio deal that it would need to divest about 15 of its 244 stations to meet FCC ownership requirements. In Sacramento, the combined company would have had nine FMs and 2 AMs -- and so KDND has become the first to be relinquished.
See complete coverage of the Entercom/CBS transaction at www.radioink.com.