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Article: Cox Radio Completes Atlanta and Houston Acquisitions; Retains Intellectual Property of Leading Atlanta Station, WALR-FM.
- Article from:
- PR Newswire
- Article date:
- September 5, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. 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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Fills in Houston Cluster with Fourth FM Station
ATLANTA, Sept. 5 /PRNewswire/ --
Cox Radio, Inc. (NYSE: CXR) announced today that it has completed its
previously announced acquisition of the capital stock of Midwestern Broadcasting Company, Inc. which owns WALR-FM serving the Atlanta market for $280 million. In a related transaction, Cox Radio also announced that it has completed its asset exchange agreement with Salem Communications Corporation (Nasdaq: SALM) to exchange the license and transmitting facilities of WALR-FM serving Atlanta, as well as the license and transmitting facilities of radio stations KLUP-AM serving San Antonio and WSUN-AM ...
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