Entercom Communications Corp. just announced an agreement with Bonneville International Corporation to exchange four stations in Denver for Classic Rock KSWD (100.3 The Sound)/Los Angeles and $5 million in additional consideration. The stations Entercom will exchange with Bonneville are: KOSI, KYGO, KKFN and KEPN-AM. Entercom owns KOSI-FM, while the remaining stations are being acquired through the acquisition of Lincoln Financial Media stations. Entercom and Bonneville will begin operating the exchanged stations under Time Brokerage Agreements once the Lincoln Financial Media (LFM) transaction is completed. Closing of the Bonneville-Entercom exchange is subject to FCC approval and other customary closing conditions. Entercom expects the Bonneville transaction to close by the fourth quarter of this year.
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