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Jacor Communications Inc

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BUSINESS
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.
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BUSINESS
October 9, 1998 | From Associated Press
Clear Channel Communications Inc. is taking over Jacor Communications Inc. in a $3.4-billion stock deal announced Thursday that creates a powerhouse with more than 450 radio stations. If given regulatory approval next year, the buyout would reduce to three the number of giant players in the rapidly consolidating radio industry, along with Chancellor Media Corp. and CBS Corp. Jacor, based in Covington, Ky.
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BUSINESS
September 4, 1998 | Associated Press
Jacor Communications Inc. signed an agreement to buy three Southern California radio stations from Lancaster-based Antelope Broadcasting Co. for $4 million in cash. The deal to buy KAVL-AM of Lancaster, KAVS-FM of Mojave and KYHT-FM of Yermo is subject to approval by the Federal Communications Commission. The stations will complement Jacor's presence in Southern California, the company said. With these deals, Covington, Ky.
BUSINESS
September 16, 1998 | PATRICE APODACA, TIMES STAFF WRITER
Jacor Communications Inc., a large radio station owner and program distributor, has agreed to buy two radio stations in Anaheim for $30.1 million in cash to expand further in Southern California. Jacor, whose syndicated programs include "The Rush Limbaugh Show" and "The Dr. Laura Schlessinger Show," said it will buy KEZY-FM (95.9) and KORG-AM (1190) from closely held ML Media Partners LP, an investment fund managed by Merrill Lynch & Co. Based in the Cincinnati suburb of Covington, Ky.
BUSINESS
August 11, 1998 | Bloomberg News
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.
BUSINESS
September 16, 1998 | PATRICE APODACA, TIMES STAFF WRITER
Jacor Communications Inc., a large radio station owner and program distributor, has agreed to buy two radio stations in Anaheim for $30.1 million in cash to expand further in Southern California. Jacor, whose syndicated programs include "The Rush Limbaugh Show" and "The Dr. Laura Schlessinger Show," said it will buy KEZY-FM (95.9) and KORG-AM (1190) from closely held ML Media Partners LP, an investment fund managed by Merrill Lynch & Co. Based in the Cincinnati suburb of Covington, Ky.
BUSINESS
October 9, 1998 | From Associated Press
Clear Channel Communications Inc. is taking over Jacor Communications Inc. in a $3.4-billion stock deal announced Thursday that creates a powerhouse with more than 450 radio stations. If given regulatory approval next year, the buyout would reduce to three the number of giant players in the rapidly consolidating radio industry, along with Chancellor Media Corp. and CBS Corp. Jacor, based in Covington, Ky.
BUSINESS
February 14, 1996 | From Times Staff and Wire Reports
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.
BUSINESS
September 11, 1997 | MARLA MATZER, SPECIAL TO THE TIMES
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.
BUSINESS
August 5, 1996 | Times Staff and Wire Reports
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.
BUSINESS
September 4, 1998 | Associated Press
Jacor Communications Inc. signed an agreement to buy three Southern California radio stations from Lancaster-based Antelope Broadcasting Co. for $4 million in cash. The deal to buy KAVL-AM of Lancaster, KAVS-FM of Mojave and KYHT-FM of Yermo is subject to approval by the Federal Communications Commission. The stations will complement Jacor's presence in Southern California, the company said. With these deals, Covington, Ky.
ENTERTAINMENT
September 3, 1998 | STEVE HOCHMAN, SPECIAL TO THE TIMES
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.'
BUSINESS
August 11, 1998 | Bloomberg News
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.
BUSINESS
September 11, 1997 | MARLA MATZER, SPECIAL TO THE TIMES
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.
BUSINESS
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.
BUSINESS
August 5, 1996 | Times Staff and Wire Reports
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.
ENTERTAINMENT
September 3, 1998 | STEVE HOCHMAN, SPECIAL TO THE TIMES
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.'
BUSINESS
May 5, 1998
* Covington, Ky.-based Jacor Communications Inc. said it will buy KDIF-AM in Riverside from Hispanic Radio Broadcasters for $2.65 million. The deal is subject to approval by the Federal Communications Commission.
BUSINESS
February 14, 1996 | From Times Staff and Wire Reports
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.
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