http://news.radio-online.com/cgi-bin/rol.exe/headline_id=b15041
Here is an update for the CBS Radio/Entercom deal
Here is an update for the CBS Radio/Entercom deal
Entercom Communications received a request for additional information and documentary material from the Department of Justice on Wednesday. In a filing, the company said that the action, often referred to as a "second request," is in connection with its previously announced merger with CBS Radio, entered into with Constitution Merger Sub Corp., a Delaware corporation and wholly owned unit of CBS Corp. Under the deal, Entercom is combining with CBS's radio business in a two-step all stock "Reverse Morris Trust" transaction.
The second request was issued under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. CBS received an identical request for additional information and documentary material from the DOJ in connection with the transactions