99.5 Denver

Entercom Acquires Lincoln Financial Media

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]

Examining The Entercom Lincoln Financial Deal

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]