SBD/Closing Bell

CBS Radio Acquires FM Station To Simulcast WFAN-AM

CBS Radio today announced an agreement to purchase N.Y.-area station 101.9 FM from Merlin Media for $75M. CBS later this fall will begin operating the system as a simulcast of sports-talk station WFAN-AM under the call letters WFAN-FM (CBS Radio).

The deal enables CBS Radio “to keep up with its prime national sports talk rival, ESPN Radio.” WFAN on FM “could be a selling point in future negotiations for rights to carry local sports teams’ play-by-play” (NYDAILYNEWS.com, 10/8).
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