You will be redirected back to your article in seconds

Sinclair finalizes Entercom sale

$824.5 mil radio station deal makes company pure TV

NEW YORK — Sinclair Broadcast Group said Thursday that it finalized a deal to sell 46 radio stations and a stake in USA Digital Radio to Entercom Communications for $824.5 million.

The agreement includes three more stations and is $3 million higher than when the two broadcasters first announced the sale earlier this summer. The added stations are in the Greenville, S.C., and Spartanburg, S.C., areas.

Entercom said it will have to sell three stations in Kansas City, Mo., to stay in line with federal limits on station ownership.

Sinclair, after the sale of its radio assets, will be a pure-play TV broadcaster.

Separately, Clear Channel Communications said it agreed to buy five radio stations in Ohio and West Virginia from four different owners for $11.5 million.

More Biz

  • George Ezra plays to a huge

    Ticketmaster Accused of Colluding With Scalpers

    NEW YORK — Sinclair Broadcast Group said Thursday that it finalized a deal to sell 46 radio stations and a stake in USA Digital Radio to Entercom Communications for $824.5 million. The agreement includes three more stations and is $3 million higher than when the two broadcasters first announced the sale earlier this summer. The […]

  • Ashley Judd Harvey Weinstein

    Judge Allows Ashley Judd to Pursue Weinstein Blacklisting Suit

    NEW YORK — Sinclair Broadcast Group said Thursday that it finalized a deal to sell 46 radio stations and a stake in USA Digital Radio to Entercom Communications for $824.5 million. The agreement includes three more stations and is $3 million higher than when the two broadcasters first announced the sale earlier this summer. The […]

  • DAVE BARRETT OBIT

    CBS News Radio Reporter Dave Barrett Dies at 63

    NEW YORK — Sinclair Broadcast Group said Thursday that it finalized a deal to sell 46 radio stations and a stake in USA Digital Radio to Entercom Communications for $824.5 million. The agreement includes three more stations and is $3 million higher than when the two broadcasters first announced the sale earlier this summer. The […]

  • Donald Trump

    Trump Powers Boom Time for Book Publishers

    NEW YORK — Sinclair Broadcast Group said Thursday that it finalized a deal to sell 46 radio stations and a stake in USA Digital Radio to Entercom Communications for $824.5 million. The agreement includes three more stations and is $3 million higher than when the two broadcasters first announced the sale earlier this summer. The […]

  • tencent logo

    Tencent Music IPO to Be Halved (Report)

    NEW YORK — Sinclair Broadcast Group said Thursday that it finalized a deal to sell 46 radio stations and a stake in USA Digital Radio to Entercom Communications for $824.5 million. The agreement includes three more stations and is $3 million higher than when the two broadcasters first announced the sale earlier this summer. The […]

  • US Capitol

    Senate Passes Music Modernization Act

    NEW YORK — Sinclair Broadcast Group said Thursday that it finalized a deal to sell 46 radio stations and a stake in USA Digital Radio to Entercom Communications for $824.5 million. The agreement includes three more stations and is $3 million higher than when the two broadcasters first announced the sale earlier this summer. The […]

More From Our Brands

Access exclusive content