Withers grabs six from CCU selloff

Russ Withers is the latest buyer in the Clear Channel Radio housecleaning. The Kalil & Co. brokers say he’s buying the six stations in the Marion-Carbondale, IL market. And no, he is not a replacement buyer. No previous sale had been announced for this market. Also, while Withers Broadcasting has lots of stations in southern Illinois, including some quite close to the Marion-Carbondale market, none are actually in the Arbitron market, so this will allow him to greatly expand right in his home territory. The price of the transaction was not immediately announced. Clear Channel acquired the cluster from Cumulus in 2000 as part of a multi-market swap.

Add to: del.icio.us | Digg