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Article: Cox Radio Completes Acquisition of Seven Radio Stations From Clear Channel.
- Article from:
- PR Newswire
- Article date:
- August 30, 2000
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ATLANTA, Aug. 30 /PRNewswire/ --
Cox Radio, Inc. (NYSE: CXR) announced today that it has completed its previously announced agreement with Clear Channel Communications, Inc. (NYSE: CCU) to acquire three FM stations serving Houston, Texas and three FM stations and one AM station serving Richmond, Virginia for a total of $380 million in cash.
The stations acquired include KKBQ-FM, KKTL-FM and KLDE-FM (Cox Radio acquired the format of KLDE-FM and the license for KTBZ-FM. The seller will retain the license for 94.5) serving the Houston market and WKHK-FM, WMXB-FM, WKLR-FM and WTVR-AM serving the Richmond market.
Pending the close of all other ...