Bonneville International will LMA Entercom’s required spin-offs in Sacramento and San Francisco.
No sale agreements are in place yet as the licenses will be held by the Divestiture Trust. Bonneville will begin operating the stations as soon as the Entercom/CBS Radio merger closes later this month.
Rhythmic CHR 102.5 KSFM will remain with Entercom and join its current cluster there upon completion of the merger with CBS Radio.
The deal marks a return to San Francisco for Bonneville as the company previously owned 96.5 KOIT as well as what is now 95.7 KGMZ and 102.1 KRBQ prior to trading them to Entercom in 2007. Bonneville and Entercom have been frequent trading partners over the years. Most recently Entercom sent four stations in Denver to Bonneville in 2015 for KSWD Los Angeles to satisfy the DOJ following its purchase of Lincoln Financial Media. Going back to 1997, Entercom sent 94.5 KLDE Houston and $5 million to Bonneville for three Seattle stations and four in Kansas City.