Citadel swaps out an AM

Here's one that's a bit on the unusual side. Citadel Broadcasting is doing a two market cash/swap deal with the Pearce family's Apex Broadcasting, but it only involves one radio station. Apex will get WXTC-AM Charleston SC, adding it to its three area FMs, WAVF-FM, WXST-FM & WIHB-FM. What does Citadel get in return? A tower in Tuscaloosa AL, where it also owns a two-AM, four-FM cluster. Apex will also pay 70K cash. Citadel will remain with a strong presence in Charleston, with WMGL-FM, WNKT-FM, WSSX-FM, WSUY-FM, WTMA-AM, WWWZ-FM.

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