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Article: A new media giant is born: Hicks uses radio to build an empire. (Hicks Muse, Tate & Furst merges Chancellor Media Corp and Capstar Broadcasting into the largest radio company; Hicks Muse is now a major mass media player)(investments)(Brief Article)
- Article from:
- U.S. News & World Report
- Article date:
- September 7, 1998
- Author:
CopyrightCOPYRIGHT 1998 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Thomas O. Hicks became a king of all media last week. The chief executive of the privately held, Dallas-based investment firm Hicks Muse, Tate & Furst engineered the $2.24 billion merger of two media companies his firm controls, Chancellor Media Group and Capstar Broadcasting Corp.
The deal creates the nation's largest radio company. The new entity--also called Chancellor Media--will own 463 radio stations in 105 markets. Prior to the deal, Hicks Muse owned 59 percent of Capstar and 15 percent of Chancellor. Hicks Muse will own about 25 percent of the new company, and Hicks will remain chairman.
The new company makes Hicks a major media force as he uses its ...
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Article: Dallas Investment Firm Hicks, Muse Buys Large Share ...
Knight Ridder/Tribune Business News;
August 25, 1998 ;
700+ words
... ... to sell. Several Hicks, Muse partners got a chance ... saw," Furst said. Hicks, Muse, whose principals ... Lin Television and Chancellor Media, for example, as ... Regal and Act III. Hicks, Muse has also invested in ...
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