September 3, 1998 |
Is another big change coming on the Southland airwaves? Speculation and rumors have flown freely in recent weeks that there could soon be a return to the dial of the adult alternative format missing here since the switch of KSCA-FM (101.9) to Spanish-language music last year, or of the hard-rock sounds of the old KNAC-FM, gone since the demise of that station in 1995--or maybe both. The scenarios tossed around center on Jacor, the Covington, Ky.-based media corporation that owns L.A.'
August 11, 1998 |
Jacor Communications Inc.'s $620-million purchase of Nationwide Communications Inc. was approved by U.S. regulators on the condition that Jacor sell eight radio stations in California and Ohio. The Justice Department said divestitures in San Diego, Cleveland and Columbus, Ohio, would prevent Covington, Ky.-based Jacor from dominating the radio advertising markets in the three cities. It is the latest regulatory approval in the current round of radio industry consolidations.
September 11, 1997 |
It's been a banner week for Laura Schlessinger, radio talk show host, author and media star. On Monday, radio group Jacor Communications Inc. said it was acquiring the rights to "The Dr. Laura Schlessinger Show," along with radio sales firm Multiverse Networks from Synergy Broadcasting Inc. The price, an eye-popping $71.5 million, underscores the fact that Schlessinger's program has become the hottest show on radio, at least for the moment.
August 29, 1997
Covington, Ky.-based Jacor Communications Inc. said it plans to buy oldies radio station KIST-AM in Santa Barbara for $850,000 from Engles Enterprises Inc. The sale is subject to Federal Communications Commission approval. Jacor, the nation's third-largest radio group, already owns three stations in Santa Barbara: KQSB-AM, KTYD-FM and KSBL-FM. Including pending acquisitions, Jacor owns, operates or represents 159 radio stations in 34 U.S. markets.
August 5, 1996 |
Jacor Wins Justice Dept. OK to Merge with Citicasters: Antitrust clearance has been given for the Cincinnati-based broadcaster's bid to buy Citicasters Inc., its cross-town rival, in a $770-million deal that would create one of the nation's largest radio groups. Jacor said it reached agreement with the Justice Department to sell Cincinnati radio station WKRQ-FM, one of the 19 radio stations and two TV stations Jacor would acquire in the deal.
February 14, 1996 |
In the biggest radio deal of the year and one that offers a preview of changes to come in the industry, Jacor Communications Inc. agreed Tuesday to buy Citicasters Inc. for $770 million. It would make the Sam Zell-controlled company the owner of the largest group of stations in the country. The deal is the biggest broadcasting transaction to be announced since President Clinton signed the telecommunications reform bill last week.