A story in the 10/19/07 edition of the San Antonio Business Journal reports that Clear Channel Communications has entered into an asset purchase agreement with Dallas based Gap Broadcasting LLC for the sale of about 60 Clear Channel stations in ID, MN, MT, and WY. The sale price was not mentioned.
The sale follows Clear Channel's announcement last November that it intended to trim down by offering for sale 450 of its 1,100 stations. The article reports that with the Gap Broadcasting agreement Clear Channel has thus far entered into agreements to sell approximately 100 stations. The article also mentions the "stalled" attempt last January by Blue Point Media to purchase 46 Clear Channel stations for $62.2 million. Patrick Griffith, CBT CBNT CRO Westminster CO http://community.webtv.net/AM-DXer/ http://community.webtv.net/N0NNK/ _______________________________________________ IRCA mailing list IRCA@hard-core-dx.com http://montreal.kotalampi.com/mailman/listinfo/irca Opinions expressed in messages on this mailing list are those of the original contributors and do not necessarily reflect the opinion of the IRCA, its editors, publishing staff, or officers For more information: http://www.ircaonline.org To Post a message: irca@hard-core-dx.com