Clear Channel to sell two Houston stations
The Chronicle's David Barron posts that Clear Channel will be selling two of its Houston radio stations:
Under an agreement with the Department of Justice, Clear Channel Communications agreed today to sell two of its Houston radio stations to comply with anti-trust requirements associated with Clear Channel's pending acquisition by two private equity investment firms.
According to the agreement, Clear Channel will sell KLOL (101.1 FM), the heritage rock-and-roll station that now airs Spanish contemporary hits, and either KHMX (96.5 FM) or KTBZ (94.5 FM).
Houston is one of four markets -- the others being San Francisco, Cincinnati and Las Vegas -- where Clear Channel must sell stations to meet government anti-trust requirements.
It's unfortunate that none of the Clear Channel AM stations will be going on the block. But perhaps new ownership will bring improvements to the mostly dismal Clear Channel AM lineups.
BLOGVERSATION: Mike McGuff.
Posted by Kevin Whited @ 02/13/08 09:36 PM | Houston Media | Technorati | Sphere | Comments (8)
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