Entercom Completes Lincoln Financial Acquisition

Entercom completed its $105 million purchase of Lincoln Financial Media, with those formerly Lincoln radio stations being operated by Entercom as of Friday, Entercom said in a news release Thursday. Also as of Friday, Entercom began operating KSWD(FM) Los Angeles as part of a radio station swap with Bonneville International, which in turn is taking over four Denver-area radio stations that had been part of Entercom or Lincoln -- KOSI(FM) Denver, KYGO(FM) Denver, KKFN(FM) Longmont and KEPN(AM) Lakewood. That swap is being done to satisfy Justice Department antitrust concerns regarding Entercom's presence in the Denver market (see 1507150011). Entercom said it expects the station exchange to close by Q4, subject to FCC approval.