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BRIEF-Entercom communications to pay CBS $30mln in case deal gets terminated
February 3, 2017 / 11:50 AM / 8 months ago

BRIEF-Entercom communications to pay CBS $30mln in case deal gets terminated

Feb 3 (Reuters) - Cbs Corp

* If deal is terminated by Cbs or Co under certain circumstances, then Co is obligated to pay CBS onetime fee equal to $30 million

* At closing of deal, CBS units to enter 3 agreements with CBS radio, CBS radio units to license use of certain IP after deal’s closing Source text for Eikon: Further company coverage:

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