TITLE

Clear Channel: Going Private Next?

AUTHOR(S)
Hahn, Avital Louria
PUB. DATE
June 2003
SOURCE
Investment Dealers' Digest;6/9/2003, Vol. 69 Issue 23, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The U.S. Federal Communication Commission's revised rules on ownership may increase the control of big media companies on local television and radio markets. But it will also make it more difficult for Clear Channel Communications Inc., which owns several radio stations, to expand in many markets, leading to predictions that the San Antonio, Texas-based company will ultimately go private. Clear Channel has acquired several radio stations in the country. But with the revised rules of the FCC, decreasing the number of stations a company can control in some geographic markets, it will become harder for Clear Channel to buy more radio stations. Clear Channel owns, programs or sells airtime for some 1,225 radio stations in the U.S.
ACCESSION #
10070910

 

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