Entercom to Buy Lincoln Financial Media
Entercom agreed to buy Lincoln Financial Media (LFM) and its 15 radio stations from Lincoln Financial Group for $105 million plus working capital, an Entercom news release said. The agreement includes stations in Atlanta, Denver, Miami and San Diego and…
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will bring Entercom’s total to more than 130 stations in 26 markets, the release said. The transaction is subject to FCC and Department of Justice review, and Entercom expects to divest a Denver FM station to comply with ownership rules, the release said. The company expects the deal to close in the second quarter of 2015, the release said.