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VENTURA COUNTY BUSINESS | VENTURA COUNTY DIGEST

Salem Communications Corp. Purchases 8 More Radio Stations

September 05, 2000|RODNEY BOSCH

Salem Communications Corp. in Camarillo, which owns various Christian-oriented radio, electronic and print media, has completed the purchase of eight radio stations from Clear Channel Communications.

Salem paid about $186 million in cash for stations KEZY-AM and KXMX-FM in Los Angeles, KDGE-FM in Dallas, KALC-FM in Denver, WKNR-AM and WRMR-AM in Cleveland and WBOB-AM and WYGY-FM in Cincinnati.

"This acquisition provided us the opportunity to significantly strengthen our presence in some of the nation's most attractive markets," said Edward A. Atsinger, president and CEO. "With 73 radio stations, including several multi-station clusters in major markets, Salem Communications has assembled one of the strongest radio groups in the industry."

The company now owns or operates 73 radio stations, including 54 stations in the top 25 markets.

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