One of the lowlights of 2007 was the breakup of the 452.1M sell-off of dozens of Clear Channel small market properties to a shifting roster of would-be buyers. The stations went back on the market, and now seven have been resold to Vox Communications Group. Vox, headed by Bruce Danziger, Ken Barlow and Keith Thomas, will be building in their New England base, picking up five stations in the Burlington VT-Plattsburgh NY market (WEZF-FM Burlington VT, WEAV-AM Plattsburgh NY, WVTK-FM Port Henry NY, WCPV-FM Essex NY & WXZO-FM Wilsboro NY) and two more in the Lebanon NH-Rutland-White River Junction VT market (WTSJ-AM & WCVR-FM, both licensed to Randolph VT). Brokerage firm Kalil & Co. is still on the job for Clear Channel; The Mahlman Company represented Vox. The price of the transaction was not immediately available.
RBR/TVBR observation: We hear there are more Clear Channel resales in the pipeline. Stay tuned.