YOU ARE HERE: LAT HomeCollectionsAmfm Inc

Amfm Inc

September 15, 1999 | JUDITH MICHAELSON
Effective today, it's "The Jamie & Danny Show"--no longer "The Jamie, Frosty & Frank Show"--on KYSR-FM (98.7) from 5 to 9 a.m. Jamie White, the only female member of the former three-person team, stays in place, but Frosty Stillwell and Frank Kramer are out, replaced by Danny Bonaduce, a radio personality and former television star, best known for his role as Danny on ABC's "The Partridge Family" (1970-74). Most recently, Bonaduce was morning show host on KYSR-owner AMFM Inc.'
November 4, 1999 | From Associated Press
Broadcasting executives announced an investment fund Wednesday aimed at spurring ownership of television and radio stations by minorities and women. Led by CBS Corp. chief Mel Karmazin and the head of Clear Channel Communications Inc., Lowry Mays, the industry initiative already has $175 million in cash commitments. Officials said that translates into $350 million in purchasing power available to minorities and women with experience in the industry.
February 15, 2000 | BARBARA MURPHY
Salem Communications Corp. in Camarillo, owner of radio stations and other businesses targeted to the Christian market, has reached agreements to buy a Dallas radio station and a satellite network based in Nashville, Tenn. The company will pay $7.5 million to AMFM Inc. to acquire KSKY-AM in Dallas. As part of the deal, Salem will give up KPRZ-FM, one of its three stations in Colorado Springs, Colo. Pending regulatory approvals, Salem expects this transaction to close by the end of June.
March 14, 2000 | From Bloomberg News
Radio One Inc., the largest U.S. broadcaster serving black audiences, agreed to pay $1.3 billion for 12 stations owned by Clear Channel Communications Inc., which is becoming the No. 1 radio company. The company will buy stations in Los Angeles, Houston, Miami and four other cities from Clear Channel and AMFM Inc., which Clear Channel is buying for $23 billion. Clear Channel is selling $4 billion in stations to win government approval of the takeover.
February 15, 2005 | From Reuters
DMX Music Inc., whose digital library of tunes can be tapped by travelers at 30,000 feet, said Monday that it filed for bankruptcy protection as part of its plan to be acquired by a private investment partnership. DMX, a majority-owned unit of Liberty Media Corp.'s Liberty Digital, supplies commercial-free music on the ground via cable and satellite and is one of the biggest providers of airlines' in-flight music and videos.
Employees and listeners of talk station KFI-AM (640) and adult contemporary music outlet KOST-FM (103.5) can rest easy, but not those of R&B oldies station KACE-FM (103.9). The incoming owner of KFI and KOST has "no plans at this time for changes in the stations' programming or personnel," a spokesman for Dallas-based AMFM Inc. said this week. "Those are great stations," spokesman Joseph N. Jaffoni explained.
August 30, 2000 | From Associated Press
The Justice Department approved the $23.8-billion merger of Clear Channel Communications Inc. and AMFM Inc. into the U.S.' largest radio broadcaster after they agreed to sell part ownership of a billboard company. On July 20, Clear Channel and AMFM agreed under government pressure to sell 99 radio stations in 27 markets, the largest radio divestiture ever. So far, the companies have sold 85 of the stations.
May 20, 1999 | From Reuters
Chancellor Media Corp., which is set to become the largest U.S. radio company, on Wednesday announced the creation of three business units designed to capitalize on the growth of the Internet and said it plans to change its name to AMFM Inc. Dallas-based Chancellor said shareholders will vote on the name change, as well as its planned acquisition of Capstar Broadcasting Corp., on July 13. The purchase, originally valued at $4.1 billion, will make Chancellor the biggest U.S.
November 14, 2007 | Steve Carney, Special to The Times
Tonight will be 25 . . . along the KOST. It's not the signature weather report from the station at 103.5 FM, but a silver anniversary -- the "soft rock with less talk" outlet launched Nov. 15, 1982. Ever since, it's kept competitors at bay by continually adding new music within its format and maintaining a grown-up environment that's also safe for kids.
Clear Channel Communications Inc., the biggest U.S. radio company, had a first-quarter loss of $16.9 billion after writing down the value of acquired assets. But the company's sales and profit before the write-offs beat forecasts, boosting Clear Channel's shares. Clear Channel's loss widened to $27.85 a share from a loss of $309.2million, or 53 cents, in the year-ago period, Chief Financial Officer Randall Mays said. Sales in the latest quarter rose 4% to $1.7billion.
Los Angeles Times Articles