Justice Department Suspends Investigation Of Entercom Communications Purchase Of N.Y. Radio Stations From CBS Corporation
The DOJ announced on October 31st that it suspended its investigation of Entercom Communications Corporation's proposed $262 million acquisition of Texas, Ohio, Tennessee, and New York radio stations from CBS Corporation as long as the companies sell three Rochester radio stations. Entercom informed the DOJ that it planned to divest the three Rochester stations in order to avoid the need for further investigation and to comply with the Federal Communications Commission's (“FCC”) local ownership rules.
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