When was CBS Radio officially sold?
November 17, 2017
January 1, 2000
July 4, 2005
October 31, 2010
Answer
CBS Radio was officially sold on November 17, 2017 to Entercom. The deal was worth $2.2 billion and gave Entercom control of 120 radio stations in 24 markets across the United States. The sale was part of a larger trend in the media industry in which traditional media companies are being sold to larger companies in an effort to cut costs and compete with newer technologies.
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