Clear Channel Closes On Frontier, Bicoastal Deals
November 30, 2007 at 2:12 PM (PT)
CLEAR CHANNEL has closed on the sale of 16 CALIFORNIA and ARIZONA stations to JASON R. WOLFF's FRONTIER CAPITAL PARTNERS LLC for $40 million. The deal included Country KSLY (CAT COUNTRY 96.1), AC KSTT (COAST 101.3), Rock KURQ (107.3 THE ROCK) and Talk KVEC-A/SAN LUIS OBISPO; Talk KSMA-A, Country KSNI (SUNNY COUNTRY), Spanish Adult Hits KSMY (LA PRECIOSA), and Classic Rock KXFM (99.1 THE FOX)/SANTA MARIA-LOMPOC; Country KATJ (KAT COUNTRY), Rock KIXA (106.5 THE FOX), Talk KIXW-A, Oldies KRSX (CRUISIN 105.3), and Hot AC KZXY (Y-102)/VICTOR VALLEY (VICTORVILLE-BARSTOW), CA; and Talk KBLU-A, AC KQSR (STAR 100.9) and Country KTTI/YUMA, AZ.
CLEAR CHANNEL has also closed on the sale of Talk KELA-A and Country KMNT/CENTRALIA, WA to BICOASTAL MEDIA LLC for $4.175 million.
KALIL AND CO. served as broker for both deals.