Entercom has entered into an asset exchange agreement with Urban One.

As part of the deal, Entercom has acquired three stations from Urban One: WPHI-FM in Philadelphia, Hot 104.1 (WHHL-FM) in St. Louis and 980 The Team (WTEM-AM) in D.C.

In exchange, Urban One will receive Entercom’s Charlotte stations 107.9 The Link (WLNK-FM), News Talk 1100 & 99.3 WBT (WBT-AM/FM) and WFNZ (WFNZ-AM).

Entercom will also acquire the format, brand and creative assets of Urban One’s WFUN-FM “The Lou” in St. Louis, which will be moved to Entercom’s existing 96.3 FM signal (KNOU-FM).

Urban One and Entercom will begin operating the respective stations on 11/23.