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Entercom Communications Corp. has announced it has entered into an agreement to divest three stations to Educational Media Foundation (EMF), including WGGI-FM 95.9 — “Froggy” — in Northeastern Pennsylvania.
Entercom also agreed to sell KSWD-FM 100.3 in Los Angeles and KSOQ-FM 92.1 in San Diego. The transaction marks the first required divestitures related to Entercom’s pending merger with CBS Radio.
Based in Rocklin, Calif., EMF is a non-profit organization that operates radio networks specializing in adult contemporary Christian music, including K-LOVE and Air1. As of Tuesday, EMF owned and operated some 770 FM stations and translators.
On Feb. 2, Entercom announced an agreement to combine with CBS Radio Inc. in an all-stock transaction expected to be tax-free to CBS and its shareholders. The merger will make Entercom a leading local media and entertainment company with a nationwide footprint of 240 stations, with strong positions in virtually all top 50 markets, as well as robust digital capabilities and a growing events platform, according to the company.