FTC, DOJ Clear Beasley-CBS Swaps
October 28, 2014 at 3:54 AM (PT)
The FTC and DEPT. OF JUSTICE have cleared the way for the BEASLEY-CBS RADIO swaps in PHILADELPHIA, MIAMI, TAMPA and CHARLOTTE, with the FTC on FRIDAY issuing early termination notices of its anti-trust inquiries in the swaps between the GEORGE BEASLEY Estate Reduction Trust and CBS CORPORATION Chairman SUMNER REDSTONE.
The move puts the swaps one step closer to closing.
CBS will be receiving Country WXTU and Top 40/Rhythmic WRDW (WIRED 96.5)/PHILADELPHIA and Top 40 WPOW (POWER 96), Country WKIS, and Sports WQAM-A/MIAMI in exchange for CBS RADIO's Urban AC WBAV (V101.9), Sports WFNZ-A (610 AM THE FAN), Top 40 WNKS (KISS 95.1 FM), Urban WPEG (POWER 98), Country WSOC-F, AC WKQC (K 104.7) and Sports WBCN-A (CBS SPORTS RADIO 1660)/CHARLOTTE; Sports WHFS-A (CBS SPORTS RADIO 1010 AM), Sports WHFS-F (98.7 THE FAN), Top 40 /Rhythmic WLLD (WILD 94.1), Country WQYK-F, Classic Hits WRBQ, and Tropical WYUU (MAXIMA FM)/TAMPA; and Sports WIP-A (CBS SPORTS RADIO 610 AM).