Entercom Required to Divest Three Denver Radio Stations As Part Of Lincoln Acqusition

Entercom Communications Corp will be required to divest three radio stations in Denver (CO), in order to proceed with its acquisition of Lincoln Financial Media Company. Without these divestitures, the transaction would have resulted in higher prices and reduced quality of service to purchasers of English-language radio advertising in Denver.

The Antitrust Division filed antitrust lawsuit on July 14 in the US District Court of the District of Columbia to block the proposed acquisition. At the same time, the department filed a proposed settlement that, if approved by the court, would resolve the competitive harm alleged in the lawsuit. Under the terms of the proposed settlement, Entercom has agreed to divest three stations in Denver to a department-approved buyer.