What's An 'Aloha Trust' Station To Do?
August 6, 2008 at 5:14 AM (PT)
With CLEAR CHANNEL announcing 54 of its stations would be put into THE ALOHA TRUST, and eventually sold (NET NEWS 8/4), how will day-to-day life be affected at those stations?
NEWSDAY writes TODAY that CLEAR CHANNEL AC WALK-A-F/NASSAU-SUFFOLK, NY, the ARBITRON rated #1 station on LONG ISLAND, is among the stations being put up for sale. VP/GM JIM CONDRON said, "We are operating business as usual at WALK-AM and FM stations. There is no change in our day-to-day operations while we are in the ALOHA TRUST. We will continue to stay focused on the task at hand, which remains as always, to superserve our listeners, clients and employees."
SAN ANTONIO-based CLEAR CHANNEL, which recently closed its deal to go private (NET NEWS 7/30), agreed to divest certain radio stations to get approval from the FCC. The company placed more than 50 stations, including WALK-A-F, into the ALOHA STATION TRUST. The trust will oversee the operations and management until buyers are found, according to RAY YEUNG, a spokesman for CLEAR CHANNEL. The FCC stipulated that the company not operate the stations while they are for sale.