M&A Deal Summary

Bonneville International Acquires Entercom Communications - Radio Stations

On August 3, 2018, Bonneville International acquired media company Entercom Communications - Radio Stations from Audacy for 141M USD

Acquisition Highlights
  • This is Bonneville International’s 1st transaction in the Media sector.
  • This is Bonneville International’s largest (disclosed) transaction.
  • This is Bonneville International’s 1st transaction in the United States.
  • This is Bonneville International’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-08-03
Target Entercom Communications - Radio Stations
Sector Media
Buyer(s) Bonneville International
Sellers(s) Audacy
Deal Type Divestiture
Deal Value 141M USD

Target

Entercom Communications - Radio Stations

Bala Cynwyd, Pennsylvania, United States
Entercom Communications Corp. - Radio Stations consists of radio stations in San Francisco and Sacramento.

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Buyer(S) 1

Buyer

Bonneville International

Salt Lake City, Utah, United States

website

Category Company
Founded 1964
Sector Media
DESCRIPTION

Bonneville International Corp. is an owns and operates of dominant TV station (KSL-TV) in Salt Lake City and market leading radio stations in Seattle, Phoenix, Denver and Salt Lake City. Bonneville International was founded in 1964 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Audacy

Philadelphia, Pennsylvania, United States

website

Category Company
Founded 1968
Sector Media
Employees3,586
Revenue 1.2B USD (2021)
DESCRIPTION

Audacy is a radio broadcasting company, with a portfolio of 125 highly-rated radio stations. Audacy was incorporated in 1968 and is based in Philadelphia,, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 CBS Radio

New York, New York, United States

CBS Radio is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. Producing original audio and video content, live events and exclusive programming broadcast via on-air, online and mobile platforms, CBS RADIO reaches more than 72 million consumers nationwide each week.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Cumulus Media - NASH FM 94.7

New York, New York, United States

Cumulus Media, Inc. - NASH FM 94.7 is a highly rated, award-winning radio station.

Buy -
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