Last week was one those in the radio industry would love to forget – in fact, radio has been having these types of weeks for quite some time now. Repeating the same mantra heard over and over again the last few decades, Big Media eliminated positions again with Clear Channel and Cumulus leading the way. CC last week eliminated hundreds […]
Providence Equity Partners purchased the Clear Channel TV station group for $1.2 billion, in a deal that should close by this fall. Among the stations included in the deal are top-rated WKRC-TV (CBS) in Cincinnati, WAWS (Fox)/WTEV (CBS) in Jacksonville, and WOAI-TV (NBC) in San Antonio.
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