New Name For CC Spinoff Buyer: Frequency License, LLC
July 20, 2007 at 5:44 AM (PT)
The new name for the company acquiring CLEAR CHANNEL stations in several markets for $452.1 million is FREQUENCY LICENSE, LLC. The applications originally labeled with the name of DEAN GOODMAN's GOODRADIO.TV have been amended to reflect the new name, which the buyer notes "does not propose any changes to the ultimate ownership or control of (the buyer), which remains with MICHAEL FISCH."
FREQUENCY LICENSE continues with the backing of AMERICAN SECURITIES CAPITAL PARTNERS, LLC, while GOODMAN exits as CEO of the buying entity and retains the GOODRADIO.TV name for his other acquisitions.