Clear Channel Buys Stations in Califo...

Feedback.pdxradio.com message board: Archives: Portland radio archives: 2008: July, Aug, Sept - 2008: Clear Channel Buys Stations in California
Author: Jay_zie
Tuesday, August 26, 2008 - 3:50 pm
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Aloha Station Trust's KDFO-FM/Delano, Calif., to Clear Channel's CC Licenses. Compliance with the FCC's multiple ownership rules no longer requires the divestiture of this station … Aloha Station Trust's WQOL-FM/Vero Beach, Fla., to Clear Channel's Capstar TX Limited Partnership. Compliance with the FCC's multiple ownership rules no longer requires the divestiture of this station


California
KDFO-FM/Delano (Bakersfield)
PRICE: Undisclosed
TERMS: Transfer from trust
BUYER: Clear Channel , headed by CEO/Radio John Hogan. Phone: 210-822-2828. It owns 1,020 other stations. This represents its entry into this market.
SELLER: Aloha Station Trust, LLC., headed by Sole Member Jeanette Tully. Phone: 210-495-3392
FREQUENCY: 98.5 MHz
POWER: 8kw at 581 feet
FORMAT: classic rock
COMMENT: Aloha Station Trust's KDFO-FM/Delano, Calif., to Clear Channel's CC Licenses. Compliance with the FCC's multiple ownership rules no longer requires the divestiture of this station.


Florida
WQOL-FM/Vero Beach (Ft. Pierce-Stuart-Vero Beach)
PRICE: Undisclosed
TERMS: Transfer from trust
BUYER: Clear Channel, headed by CEO/Radio John Hogan. Phone: 210-822-2828. It owns 1,020 other stations, including WZTA-AM & WAVW-FM/Ft. Pierce-Stuart-Vero Beach.
SELLER: Aloha Station Trust, LLC., headed by Sole Member Jeanette Tully. Phone: 210-495-3392
FREQUENCY: 103.7 MHz
POWER: 50kw at 476 feet
FORMAT: oldies
COMMENT: Aloha Station Trust's WQOL-FM/Vero Beach, Fla., to Clear Channel's Capstar TX Limited Partnership. Compliance with the FCC's multiple ownership rules no longer requires the divestiture of this station

Author: Jay_zie
Tuesday, August 26, 2008 - 3:53 pm
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I thought they were selling station in small markets. What are they doing buying these stations.

Author: Musicman
Tuesday, August 26, 2008 - 4:52 pm
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Clear Channel already owned these stations. It placed them in a trust to comply with ownership rules. Clear Channel must have sold other stations in those markets to keep these two stations.

Author: Radioxpert
Tuesday, August 26, 2008 - 9:29 pm
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Yes, that's exactly what happened!


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