Radio Unica Communications Corp., the only national, 24-hour Spanish language radio network in the U.S., announced that is has acquired radio station KQTL-1210 AM in Tucson from CIMA Broadcasting. The acquisition is subject to FCC approval and is expected to close in approximately 90 days.
KQTL-1210 AM is the leading Spanish-language radio station in the Tucson market. Tucson's population is 32.5% Hispanic, representing the 20th largest Hispanic market in the nation. Radio Unica also owns Phoenix radio station 740 AM and with this acquisition owns quality stations in both markets. With the Tucson acquisition, Radio Unica
now owns 16 stations in 14 of the nation's top 20 Hispanic markets.
Radio Unica Communications Corp. is the only nationwide Spanish-language radio network reaching approximately 80 percent of Hispanic USA through a group of owned and/or operated stations and affiliates nationwide.

Cox Radio, Inc. announced that it has completed its previously announced acquisition of the assets of KINE-FM, KCCN-FM and KCCN-AM, serving the Honolulu, Hawaii market for approximately $17.8 million in cash. In addition, Cox Radio also announced it has completed its previously announced sale of radio station KGMZ-FM serving the Honolulu market to Honolulu Broadcasting, Inc. for approximately $6.6 million in cash.
In conjunction with the sale of KGMZ-FM, Cox Radio entered into a joint sales agreement ("JSA") with Honolulu Broadcasting whereby Cox Radio will manage the local, regional and national sales efforts for KGMZ-FM.
Cox Radio owns, operates or provides sales and marketing services for five FM and two AM stations serving the Honolulu market, the nation's 60th largest radio revenue market.
Cox Radio is the fifth largest radio company in the United States based on net revenues. Pending the close of all announced transactions, Cox Radio will own, operate or provide sales and marketing services for 82 stations (63 FM and 19 AM) clustered in 17 markets including major markets such as Atlanta, Houston, Miami, Tampa, Orlando and San Antonio.

Triad Broadcasting Company, L.L.C., of Monterey, California, owner and operator of small and mid-market radio stations, announced that the company has completed its acquisition of four radio stations in Lincoln, Nebraska, and one radio station in Beatrice, Nebraska, from J.C. Acquisition, L.L.C., in a transaction valued at approximately $12 million. Including the five new stations in Lincoln and Beatrice, Triad Broadcasting Company currently owns and/or operates a total of 22 radio stations in the following markets: six radio stations in Biloxi, Mississippi; five radio stations in Fargo, North Dakota; and six radio stations in Rapid City, South Dakota. In addition, Triad announced last week that it has signed a definitive agreement to acquire three radio stations in Tallahassee, Florida, from Capital City Radio Partners, Inc. Completion of the transaction is expected to occur by the end of the third quarter of this year, subject to FCC approval and other customary closing conditions.

Radio One, Inc. announced that it has entered into an agreement with Infinity Broadcasting to acquire the assets of radio station KLUV-AM in Dallas, Texas for approximately $16 million. This acquisition follows the Company's announcement in March that it is acquiring 12 radio stations from Clear Channel Communications, and AMFM, Inc. including KBFB-FM, also located in the Dallas market. The Company expects both of these acquisitions to close by the end of the third quarter.
Radio One is the nation's largest radio broadcasting company primarily targeting African-American and urban listeners. Pro forma for all announced acquisitions, the Company owns and/or operates 49 radio stations, 48 of which are located in 14 of the 20 and 18 of the 40 largest African-American markets in the United States.

Citadel Communications Corporation announced that its principal operating subsidiary, Citadel Broadcasting Company (Citadel), has entered into a definitive agreement to acquire the assets of eleven radio stations from Dick Broadcasting Company, as well as a twelfth station operated under a long-term local marketing agreement, for approximately $300 million in cash.
Upon consummation of the agreement, Citadel will add to its portfolio two FM stations in Nashville, Tennessee, the nation's 43rd largest market, three FM and two AM stations in Birmingham, Alabama, the nation's 55th largest market, and one AM and four FM stations (one of which is operated under a long-term local marketing agreement) in Knoxville, Tennessee, the nation's 69th largest market.
Citadel is a radio broadcasting company that, upon completion of pending transactions, will own or operate 147 FM and 64 AM stations concentrated in 45 markets.

posted on May 30, 2000 09:38 AM