Clear Channel Communications will Unload 72 Stations in Merger Deal
The radio industry's frenzy of mergers and acquisitions has slowed down but hasn't stopped. San Antonio-based <A HREF="http://www.clearchannel.com/">Clear Channel Communications Inc.</A>, one of the largest radio broadcasters in the US, has agreed to acquire <A HREF="http://www.amfm.com/">AMFM Inc.</A>, another major player. The merger will give Clear Channel more than 850 stations nationwide. The deal hinges on Clear Channel unloading 72 of its stations in 27 markets to comply with <A HREF="http://www.fcc.gov/">Federal Communications Commission</A> rules limiting the number of stations that can be owned by a single operator.