RUMOR MILL
Thursday, March 2, 2017
LOAN TERMS REVEALED IN CBS RADIO-ENTERCOM DEAL
The pricing of a term loan in conjunction with the CBS Radio-Entercom merger was announced today. The seven-year, $500-million secured loan will serve to help refinance Entercom’s capital structure, repay its existing term loan and redeem its preferred stock. The loan is expected to be funded at the close of the merger.
Last month, the radio giants announced their merger, which will make them the nation’s second largest radio group, revenue-wise, behind iHeart Media. The new company, to be called Entercom, will have 244 stations nationwide, and, more importantly, a presence in 23 of the top 25 U.S. markets.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
