April 11, 2000
The Latest Radio Buyouts
source: Yahoo News

Here's the latest list of radio buyouts in the last few weeks:

Cumulus Buys KYUL in Harker Heights, Texas for $2.25 million. The company also acquired WGLF (FM) in Tallahassee, Florida from Tallahassee Broadcasting Company for $4.0 million. Assuming the completion of all pending acquisitions, Cumulus Media will own and operate 321 radio stations in 64 U.S. media markets.

Infinity Broadcasting Corporation announced that it has agreed to acquire radio stations KTFM-FM and KTSA-AM in San Antonio for approximately $90 million in class A Infinity stock. Infinity Broadcasting Corporation operates more than 160 radio stations, as well as Infinity Outdoor and TDI, the Company's outdoor advertising businesses. Infinity also manages and holds an equity position in Westwood One, Inc. Infinity Broadcasting Corporation is a majority-owned subsidiary of CBS Corporation.

Radio One Inc. said it will acquire 21 stations from three companies for more than $1.36 billion. Radio One announced that it has entered into an agreement to acquire Davis Broadcasting, Inc. for approximately $24.0 million in cash and stock. The radio stations being acquired from Davis Broadcasting are as follows: WCCJ-FM (Charlotte), WAKB-FM, WAEG-FM, WAEJ-FM, WFXA-FM and WTHB-FM (Augusta). The radio stations being acquired from Clear Channel and AMFM are as follows: KKBT-FM (Los Angeles), KMJQ-FM and KBXX-FM (Houston), KBFB-FM (Dallas), WZAK-FM and WJMO-AM (Cleveland), WVCG-AM (Miami), WQOK-FM, WFXK-FM, WFXC-FM and WNNL-FM (Raleigh) and WJMZ-FM (Greenville, South Carolina).

Saga Communications, Inc. announces acquisition of WKIO-FM in Champaign-Urbana, Illinois for $7 million. The company owns or operates broadcast properties in 16 markets, including 28 FM and 17 AM radio stations, 2 state radio networks, 1 farm radio network, 5 TV stations and an equity interest in 6 FM radio stations serving Reykjavik, Iceland.

Radio Unica Communications Corp. announced that it has agreed to acquire radio station KVJY-AM 840 in McAllen, Texas.

posted on April 11, 2000 11:57 AM