Goodman Spins 13 Clear Channel Acquisitions Into Trust
May 31, 2007 at 11:15 AM (PT)
DEAN GOODMAN's GOODRADIO.TV is spinning 13 radio stations it is acquiring from CLEAR CHANNEL into a trust, the LEIBOWITZ STATION TRUST LLC, to comply with station-ownership limits.
Included in the spinoff are WIRO and WBKS/IRONTON, OH; WLBW/FENWICK ISLAND, DE; WDKZ/SALISBURY, MD; WBUK/OTTAWA, OH; KRRZ/MINOT, ND; KBMR/BISMARCK, ND; WFZX/SAERSPORT, ME; WGUY/DEXTER, ME; WQRB/BLOOMER, WI; WISM-F/ALTOONA, WI; WZZW/MILTON, WV; and WUSW/HATTIESBURG, MS. The trust will sell the stations for GOODMAN's company and will operate the stations until sale.