Market Overview

Entercom Announces Minnesota Twins Return to WCCO

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Fully Integrated Radio Partnership Includes WCCO, 104.1 Jack-FM,
BUZ'N @ 102.9

Entercom Communications (NYSE:ETM) today announced a fully-integrated
radio partnership with The Minnesota Twins. Highlights of the
partnership include the team's return to its original radio broadcast
partner, WCCO-AM 830, which aired games for the club's first 46 seasons
through 2006. The station will broadcast all Twins regular and
postseason games as well as cover its metropolitan area Spring Training,
beginning with the 2018 season. Entercom Minnesota stations 104.1
Jack-FM and BUZ'N @102.9 will also cover Twins' players, coaches and
broadcasters year-round.

"We are thrilled to welcome the Twins back to their iconic home on
WCCO," said Mike Dee, Entercom's President of Sports. "As the unrivaled
leader in local audio sports rights across the nation, Entercom is
committed to growing our play-by-play roster where it makes smart,
strategic sense. Clearly the Twins are a blue chip franchise on the
rise. As a newcomer to the Minneapolis-Saint Paul market, we are
especially grateful to the Pohlad family and Dave St. Peter for their
confidence in us. With the addition of the Twins, we are proud to be the
flagship home for 45 professional teams across the four major sports,
including 14 in Major League Baseball."

"The Minnesota Twins are ecstatic to be in partnership with Entercom and
eager to play a role in helping the company implement a new vision for
their radio properties across our marketplace," Twins President and CEO
Dave St. Peter said. "The Twins are beyond thrilled to have this
opportunity to return our radio broadcasts to WCCO-AM 830. Twins
baseball on WCCO Radio was an Upper Midwest tradition for more than four
decades. We look forward to building on that tradition with a new era of
Twins baseball starting in 2018."

As part of the partnership, all Entercom properties will feature
comprehensive Twins coverage including special promotions and game day
shows, spring training from Fort Myers, FL. and at community events
across Minnesota. The Twins will continue to produce the game broadcasts
including 30-minute pre-game and post-game shows.

About Entercom Communications Corp.

Entercom Communications Corp. (NYSE:ETM) is a leading American media
and entertainment company reaching and engaging over 100 million people
each week through its premier collection of highly rated, award winning
radio stations, digital platforms and live events. As one of the
country's two largest radio broadcasters, Entercom offers integrated
marketing solutions and delivers the power of local connection on a
national scale with coverage of close to 90% of persons 12+ in the top
50 markets. Entercom is the #1 creator of live, original, local audio
content and the nation's unrivaled leader in news and sports radio.
Learn more about Philadelphia-based Entercom at
www.Entercom.com,
Facebook and Twitter (@Entercom).

Forward-Looking Statements

This communication contains "forward-looking statements." All statements
other than statements of historical fact contained in this report are
forward-looking statements within the meaning of Section 27A of the
United States Securities Act of 1933, as amended (the "Securities Act"),
and Section 21E of the United States Securities Exchange Act of 1934, as
amended (the "Exchange Act"). Forward-looking statements usually relate
to future events and anticipated revenues, earnings, cash flows or other
aspects of our operations or operating results. Forward-looking
statements are often identified by the words "believe," "expect,"
"anticipate," "plan," "intend," "foresee," "should," "projects,"
"would," "will," "could," "may," "estimate," "outlook" and similar
expressions, including the negative thereof. The absence of these words,
however, does not mean that the statements are not forward-looking.
These forward-looking statements are based on our current expectations,
beliefs and assumptions concerning future developments and business
conditions and their potential effect on us. While management believes
that these forward-looking statements are reasonable as and when made,
there can be no assurance that future developments affecting us will be
those that we anticipate.

Factors that could cause actual results to differ materially from those
in the forward-looking statements include, among others, risks
associated with tax liabilities, or changes in U.S. federal tax laws or
interpretations to which they are subject; risks that the new businesses
will not be integrated successfully or that the combined companies will
not realize estimated cost savings, value of certain tax assets,
synergies and growth or that such benefits may take longer to realize
than expected; failure to realize anticipated benefits of the combined
operations; risks relating to unanticipated costs of integration; the
impact of consummation of the transaction on relationships with third
parties, including advertiser clients, employees and competitors; a
decline in advertising revenue and the seasonality of advertising
revenue; intense competition in the broadcast radio and media
distribution industries; impact on advertising rates and revenues due to
technological changes and failure to timely or appropriately respond to
such changes; ability to attract new and retain existing advertiser
clients in the manner anticipated; increases in or new royalties; high
fixed costs; ability to hire and retain key personnel; failure to
protect our intellectual property; availability of sources of funding on
favorable terms or at all; changes in legislation or governmental
regulations affecting the companies; economic, social or political
conditions that could adversely affect the companies or their advertiser
clients; conditions in the credit markets; and risks associated with
assumptions the parties make in connection with the parties' critical
accounting estimates and legal proceedings.

All of our forward-looking statements involve risks and uncertainties
(some of which are significant or beyond our control) and assumptions
that could cause actual results to differ materially from our historical
experience and our present expectations or projections. You should
carefully consider the foregoing factors and the other risks and
uncertainties that affect the parties' businesses, including those
described in the Annual Reports on Form 10-K, Quarterly Reports on Form
10-Q, Current Reports on Form 8-K and other documents filed from time to
time with the U.S. Securities and Exchange Commission (the "SEC") by
Entercom Communications Corp. ("Entercom"), CBS Corporation ("CBS") (to
the extent they relate to CBS Radio Inc. ("CBS Radio") and its relevant
subsidiaries) and CBS Radio. We wish to caution you not to place undue
reliance on any forward-looking statements, which speak only as of the
date hereof. We undertake no obligation to publicly update or revise any
of our forward-looking statements after the date they are made, whether
as a result of new information, future events or otherwise, except to
the extent required by law.

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