ENTERTAINMENT

Westwood, Sillerman Sell New York Radio Station: Los Angeles-based Westwood One Inc. and New York broadcaster Robert F. X. Sillerman have signed a definitive agreement to sell famed big-band radio station WNEW-AM in New York to Bloomberg LP for $13.5 million. Westwood and Sillerman each owned 50% of the station. Westwood acquired its stake from Sillerman in 1988 for $11 million. Westwood said it will receive $9.3 million from the sale, including $2.55 from Sillerman for advances made to the partnership. Westwood said that as a result of the sale, it will take a onetime write-down of between $6 million and $7 million in the third quarter.