FM Changes Kern Community Radio's "89.7 Savage Radio" KSVG Mettler CA is seeking a waiver to make a rare downgrade from a Class A to Class D with 99w/23m. Although new Class D licenses were eliminated in 1978 with the exception of Alaska, Kern Community Radio believes its eight point waiver request is the only way to keep the group from having to turn in KSVG's license. Among the rationale for seeking the downgrade is the coverage will be equivalent to a 100w LPFM, it is the only non-commercial station in the Bakersfield market with a local studio, and the downgrade is the only way for the station to preserve its current coverage contour.
Update 11/17: Entercom wasted no time after the merger with CBS Radio closed to initiate the first half of its San Diego frequency swap minutes after the deal closed. Country 97.3 KSON has relocated to the former home of CHR “Energy 103.7” KEGY while utilizing 97.3 to redirect those listeners to the new frequency. The Energy format is running exclusively online this weekend commercial-free but with the airstaff in place and will relaunch on 97.3 on Monday, November 20. Update 11/14: In addition to KSON, CHR “Energy 103.7” KEGY is now promoting it will be moving to a new home on Monday, November 20. With 103.7 expected to become the new home of KSON on Friday the only question was whether Energy would move or be abandoned altogether. We can also exclusively report th...[Read More]
Entercom and CBS Radio have filed with the FCC to create the Entercom Divestiture Trust to handle the divestiture of the stations in seven markets that it is required to spin-off. While Entercom will only be required to divest fourteen stations to get under the current FCC market caps, it is seeking permission to assign the licenses of 43 different stations into the trust. This will give Entercom flexibility to choose which stations it will seek to keep and which ones it will spin-off. Among the stations being filed for placement into the divestiture trust are all of CBS Radio and Entercom’s stations in the Boston, Sacramento, San Francisco, and Seattle markets. Entercom will be required to spin-off 2 FMs in Boston, 1 FM in Los Angeles, 3 FMs in Sacramento, 1 FM in San Diego, 4 FMs i...[Read More]
Entercom and Bonneville have announced they will begin operating their newly acquired stations on Friday, July 17 with Entercom closing on its acquisition of Lincoln Financial Media. Entercom Communications Corp. (“Entercom” or the “Company”) (NYSE: ETM) announced today that it has closed its acquisition of Lincoln Financial Media Corporation (“LFM”) and will begin operating the LFM stations on Friday, July 17. Entercom also announces that effective the same date it will commence operations of KSWD-FM Los Angeles under a time brokerage agreement (“TBA”) with Bonneville International Corporation (“Bonneville”). At the same time, Bonneville will commence operations of Entercom’s Denver stations KOSI-FM, KYGO-FM, KKFN-FM and KEPN-AM under a TBA with Entercom. This follows the Company’s announ...[Read More]
The Entercom/Lincoln Financial Media deal has been filed with the FCC. To comply with market cap limits in Denver, Sports “104.3 The Fan” KKFN Longmont will be placed in the Pikes Peak Trust run by Elliot Evers for divestiture to a third party. The remainder of the Lincoln Financial Media stations will begin to be operated by Entercom via Time Brokerage Agreement on January 15 or two days after DOJ approval of the deal, whichever is the latter of the two. During the TBA and until the actual sales close, Entercom agrees to not change any formats on the to-be-acquired stations. The $105 million purchase price will consist of a $77 million cash payment to Lincoln Financial, with the remainder consisting of Entercom stock grants to Lincoln. Original Report 12/8: Entercom Communicat...[Read More]
This morning Entercom shocked the industry with their acquisition of Lincoln Financial Media for $105 million. Entercom acquired fifteen stations and a translator for less money than Steel City Media paid for Wilks four station in Kansas City earlier this year, a smaller market than any of the Lincoln stations. To show how much station prices have dropped, the price is nearly equal to the amount Greater Media paid for Lincoln’s three stations in Charlotte, NC in 2008. Denver This deal is all about establishing Entercom’s dominance in Denver. Entercom has yet to reveal which station will be divested to satisfy the ownership cap limits. Using the November 2014 Nielsen Audio PPM Ratings, Entercom’s four stations combined for a 14.1 share and Lincoln’s six combined for ...[Read More]