Radio One, Bonneville file DC deal

0

Praise 104.1, the suburban Washington FM being run by Radio One, is now officially headed to the locally-based group. An LMA with Bonneville for WPRS-FM has been in operation since April. T


oday, the paperwork for the rent-to-buy deal between the two groups hit the FCC database. Radio One will get the former WCGG-FM for 38M cash. It will bump Radio One's cluster up to a five-station superduopoly cluster, along with WOL-AM, WYCB-AM, WKYS-FM & WMMJ-FM. Bonneville, which was represented by Star Media Group, remains active in the market with a cluster anchored by its WTOP all news franchise.CCU executes a triple play.

Nine Clear Channel stations in the Utica-Rome area of upstate New York are headed to three separate in-market players, according to brokerage firm Kalil & Co., and the three acquisitive companies have yet another deal in the works as adjunct to the Clear Channel transactions. Four AMs and five FMs will be divvied up among Galaxy Communications, Roses Communications and noncommercial Educational Media Foundation. Galaxy will also send one of its FMs to EMF. Full details were not immediately available.


SHARE
Previous articleOmnicom forms OMG Digital
Next articleK-Fed the DJ?
RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.