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.
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.
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.
September 4, 1998 |
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.
CALIFORNIA | LOCAL
September 26, 1997 |
"Dr. Laura," one of the nation's top-rated radio talk-show hosts, will speak during Shabbat services tonight at Shomrei Torah synagogue. Laura Schlessinger, whose no-nonsense radio show is heard locally on KFI-AM (640), is known throughout Los Angeles for scolding her callers and holding them to strict moral standards. With her growing popularity among religious groups--attracted by her on-air references to religious and moral codes--she has spoken at synagogues and Christian retreats.
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.