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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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