The owner of four Austin radio stations is getting even bigger.
Philadelphia-based Entercom said Thursday it is merging with CBS Radio, which is based in New York.
The combined companies have 244 stations in 47 markets, including Austin, Dallas and Houston. They will operate under the Entercom name, with a corporate headquarters in Philadelphia.
A purchase price was not disclosed, but the companies said the deal would be structured as a Reverse Morris Trust, which would be tax-free to CBS and its stockholders.
In Austin, Entercom owns Mix 94.7, Majic 95.5, 96.3 RnB and Talk Radio 1370.
It’s a reunion of sorts for the Austin stations, which Entercom acquired from CBS Radio a decade ago when the company was divesting its properties in smaller markets.
Forget about Thanksgiving, Majic 95.5 is already celebrating Christmas.
Even though Santa is still more than a month away from making his rounds, the Austin radio station has flipped to round-the-clock holiday tunes.
If you’re not in the mood for Christmas classics just yet, Majic is streaming its usual soft rock playlist on its website, majic.com.
Contemporary Christian station Spirit 105.9 is also set to run 24/7 Christmas music starting on Black Friday (Nov. 25), general manager Tim McCoy told the American-Statesman.
“We want to celebrate Thanksgiving first,” McCoy said.
There’s a new No. 1 on Austin’s radio dial.
Majic 95.5 placed first in the most recent Nielsen ratings, unseating 103.5 BOB-FM.
BOB-FM didn’t fall far, though. It landed in second place.
Pop-friendly 96.7 Kiss FM and its country cousin 98.1 KVET-FM tied for third – one of several ties on the top 10 list.
Average quarter-hour ratings as of Jan. 1, courtesy of All Access (numbers in parentheses indicate rank as of Dec. 4):
1) 95.5 KKMJ-FM (4, tie)
2) 103.5 KBPA-FM (1)
3, tie) 96.7 KHFI-FM (4, tie)
3, tie) 98.1 KVET-FM (3)
4) 100.7 KASE-FM (2)
5) 102.3 KPEZ-FM (6)
6) 94.7 KAMX-FM (7)
7, tie) 105.9 KFMK-FM (11)
7, tie) 90.5 KUT-FM (5)
8) 101.5 KROX-FM (10)
9, tie) 96.3 KKMJ-FM HD3 (13)
9, tie) 590 KLBJ-AM (8)
9, tie) 93.7 KLBJ-FM (9)
9, tie) 107.1 KLZT-FM (12)
10) 93.3 KGSR-FM (14)