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Merger • Media

Audacy Acquires CBS Radio

On November 22, 2017, Audacy acquired media company CBS Radio

Acquisition Context
  • This is Audacy’s 2nd transaction in the Media sector.
  • This is Audacy’s 2nd transaction in the United States.
  • This is Audacy’s 1st transaction in New York.

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M&A Deal Summary
Date November 22, 2017
Target CBS Radio
Sector Media
Buyer(s) Audacy
Deal Type Merger

Target Company

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.
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Buyer Overview 1

Buyer

Audacy

Philadelphia, Pennsylvania, United States
Category Company
Founded 1968
Sector Media
Employees3,530
Revenue 1.2B USD (2023)
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 Context for Buyer #
Overall 2 of 7
Sector: Media 2 of 6
Type: Merger 1 of 1
State: New York 1 of 5
Country: United States 2 of 7
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Lincoln Financial Media

United States

Lincoln Financial Media Corp. is a operate LFM stations.

Buy $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-03 Entercom Communications - Radio Stations

Bala Cynwyd, Pennsylvania, United States

Entercom Communications Corp. - Radio Stations consists of radio stations in San Francisco and Sacramento.

Sell $141M

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