On February 2, 2017, CBS agreed to sell CBS Radio to Entercom, then the fourth-largest radio broadcaster in the United States, the sale was conducted using a Reverse Morris Trust so that it would be tax-free. While CBS shareholders retained a 72% ownership stake in the combined company, Entercom was the surviving entity, separating WBZ (AM) and its sister radio stations from WBZ-TV. The sale was completed on November 17, 2017, under the terms of a settlement with the Justice Department, WBZ (AM) was then divested to iHeartMedia.