Clear Channel Media and Entertainment and Buckley Radio announced 8/13 that Clear Channel is buying 50-kW WOR-AM NY from Buckley Broadcasting, pending FCC approval. Terms were not disclosed. In an internal email to CC employees, Hogan said the company will enter into a LMA 8/15 and close in approximately 90 days pending FCC approval. Founded in 1922, WOR is New York’s oldest radio station and one of the country’s most iconic radio brands.
“WOR is an iconic New York City brand with a rich history and an exciting future,” said John Hogan, Clear Channel Media and Entertainment CEO. “Clear Channel is excited to add WOR as a powerful, high potential complement to our New York brands. We believe WOR makes our already incredible platform even more interesting for listeners, advertisers, and strategic partners and we look forward to the tremendous potential WOR adds to Clear Channel Media and Entertainment New York.”
“For more than 23 years, Buckley Radio has been the steward of one of the most legendary radio stations in broadcasting history and I would like to sincerely thank all of the wonderful people who devoted their time, energy and efforts over the years to WOR Radio,” said Joseph Bilotta, Buckley CEO. “By passing the baton to Clear Channel Media and Entertainment, WOR listeners, advertisers and employees will gain access to the unparalleled resources of a worldwide, multi-dimensional media and entertainment company. We have had a great run with WOR and could not be more confident that it is poised for another great run as part of the Clear Channel Media and Entertainment team.”
The WOR buy adds to CC’s five other stations in the New York market including 103.5 KTU, Q104.3, Z100, 106.7 Lite fm and Power 105.1.
Clear Channel owns more radio stations (850) than anyone else in the United States. They also own Premiere Radio Networks, the company that syndicates the radio shows of Rush Limbaugh, Sean Hannity, and Glenn Beck, among others.
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Free Market does not like Monopolies.
The point is most conservatives didn’t want Mitt since he was the most left wing candidate in the GOP due to his record, just like Ryan, but the stations target conservative audiences and have been soft on Romney to help him win. No need for campaign money to buy ads when you corner the market on ads which most don’t know it.
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