CBS Radio to merge into Entercom

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CBS Radio, which has been up for sale for the better part of the past year, will merge into Bala Cynwyd, Pa.-based Entercom Communications Corp. Financial terms of the deal, expected to close in the second half of this year, were not released. CBS Radio properties in Baltimore are WJZ-AM 1300, WJZ-FM 105.7 “The Fan”, Mix 106.5-FM and WLIF 101.9-FM. David J. Field, CEO of Entercom, will lead the combined company that will have a nationwide footprint of 244 stations, including 23 of the top 25 U.S.…