CBS, Beasley Close On Swap

Closing

CBS RADIO has closed on the swap of its CHARLOTTE and TAMPA clusters and Sports WIP-A (CBS SPORTS RADIO 610 AM)/PHILADELPHIA to BEASLEY BROADCAST GROUP in exchange for BEASLEY's PHILADELPHIA FM and MIAMI stations.  CBS has taken control of 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 WIP-A.

CBS RADIO President/CEO DAN MASON said, “This transaction reinforces our strategy to concentrate on large market properties.  We already have television duopolies in both PHILADELPHIA and MIAMI, so these new stations will be a terrific complement to our existing local broadcasting portfolio, and a welcome addition to the overall CBS family.”

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