All of us here at GM are very intrigued and excited by today’s announcement of the merger of CBS Radio and Entercom: http://www.insideradio.com/why-entercom-cbs-is-industry-s-perfect-fit/article_994cc27e-e9f2-11e6-86b0-7fd985db4e83.html
At the end of the day, this will give the new company a nationwide footprint of 244 stations in 23 of the top 25 U.S. markets, putting it in second place behind iHeart Media.
We had a quick chat with Gary Stone who has been a key player in some of radios biggest mergers including HBC and Univision. We caught up with Gary while he was on the move, but got his initial take: “at first blush, it’s two smart firms that view consolidation as their best hope to drive the kind of future revenue that Wall Street will expect.”
Stay tuned…we’re all very curious and wish the best of luck to our friends at CBS and Entercom!