More Clear Channel Station Sales
January 18, 2007 at 3:08 PM (PT)
CLEAR CHANNEL has released a list of additional stations that it is in the process of selling, and the list shows that in addition to the 11 WYOMING stations previously announced as going to CHRIS DEVINE's BLUE POINT MEDIA, CLEAR CHANNEL is also selling eight IDAHO stations; four DULUTH, MN stations; four BURLINGTON, IA stations; and 19 MONTANA stations to BLUE POINT as well. The company is also selling a four-station JONESBORO, AR cluster to EAST ARKANSAS BROADCASTERS INC. and a six-station LEBANON, NH cluster to GREAT EASTERN RADIO LLC.
Also on the list are previously announced deals to sell a four-station LINCOLN, NE cluster to THREE EAGLES COMMUNICATIONS; a pair of stations in GADSDEN, AL to COOSA RIVER COMMUNICATIONS; seven FARGO-MOORHEAD stations to JIM INGSTAD; and the seven-station SANTA BARBARA cluster to RINCON BROADCASTING (with two AMs being spun off to another group). The company says it will not discuss terms of the deal.
The IDAHO clusters being sold to BLUE POINT include POCATELLO (KID-A, KID-F, KLLP, KPKY, KWIK-A) and TWIN FALLS (KEZJ, KLIX-A, KLIX-F). The DULUTH cluster going to BLUE POINT includes WEBC-A, KBMX, KKCB, and KLDJ, while the BURLINGTON, IA stations being sold include KBKB-A, KBKB-F, KBUR-A, and KGRS. In MONTANA, BLUE POINT gets the BILLINGS (KBBB, KBUL-A, KCTR, KKBR, KMHK), BOZEMAN (KISN, KMMS-A, KMMS-F, KPRK-A, KXLB, KZMY), MISSOULA (KBAZ, KGVO-A, KLCY-A, KLTC, KLYQ-A, KYSS), and SHELBY (KSEN-A and KZIN) clusters.
In JONESBORO, EAST ARKANSAS BROADCASTERS will get KBTM-A, KNEA-A, KFIN, and KWHF, while GREAT EASTERN RADIO gets LEBANON, NH stations WTSL-A, WGXL, WMXR, WTSM, WVRR, and WXXK.
See the complete list by clicking here.
A letter to the affected market managers from CLEAR CHANNEL's JOHN HOGAN notes that the sales are anticipated "to be finalized by mid-year, if not sooner." HOGAN says, "The decision to sell your stations was not made quickly or easily, nor was it a reflection on the efforts and work of you and your team. It is a business decision in keeping with the strategic direction of CLEAR CHANNEL RADIO. Thank you for staying focused on your job throughout this process."