CBS Radio plays musical stations

CBS Radio is swapping two stations for a third in San Francisco in a complicated three-way deal with Bon-neville International Corp. and Entercom Radio.

CBS will trade KPIX-FM San Francisco to Bonneville and KLOU-FM St. Louis to Entercom, which will then give KTIS-FM San Francisco to CBS. Bonneville will pay $39.6 million to Entercom in the transaction, but CBS has structured its deal as a tax-free, like-kind exchange.

KTIS is a modern-rock station, KLOU programs oldies and KPIX is an all-talk simulcast with KPIX-AM, which CBS is retaining.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety