Clear Channel Swaps Houston Pair For 5 From CBS
December 15, 2008 at 6:53 AM (PT)
CLEAR CHANNEL has filed to swap AC KHMX (MIX 96.5) and Spanish Hits KLOL (MEGA 101)/HOUSTON to CBS RADIO for Adult Hits WQSR (102.7 JACK FM)/BALTIMORE, Top 40 KBKS (106.1 KISS FM)/TACOMA-SEATTLE, Top 40/Rhythm KXJM (JAMMIN' 107.5) and Classic Hits KLTH (K-HITS 106.7)/PORTLAND, and Adult Hits KQJK (93.7 JACK FM)/SACRAMENTO.
The deal includes an LMA before closing.
"This deal represents a financially advantageous opportunity for us to shed some of our mid-size market stations while expanding in a Top Ten market, which is our focus," said CBS CORPORATION Pres./CEO LES MOONVES
"Both of the newly acquired HOUSTON stations, KLOL-FM and KHMX-FM, are format leaders in the market," said CBS RADIO Pres./CEO DAN MASON. "We are thrilled to be adding them to our portfolio and believe they will nicely complement our four existing stations."