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BUSINESS
June 29, 1988 | AL DELUGACH, Times Staff Writer
KJOI of Los Angeles is changing hands for a reported $75 million, which would be the largest price ever paid for an FM radio station, sources close to the impending transaction said Tuesday. The deal, which is part of a complex shuffling of ownership in stations around the country worth more than $155 million, is expected to be announced today. A draft of a news release prepared for release by Robert F. X.
BUSINESS
April 21, 1989 | From Reuters
Westinghouse Broadcasting Co. said Thursday that it agreed to acquire 10 radio stations from Metropolitan Broadcasting Corp. and Legacy Broadcasting Inc., creating the nation's largest non-network-owned radio station group. "With this one agreement, the company that inaugurated radio broadcasting in America in 1920 will dramatically increase its base of operations, which will insure that Westinghouse will remain the first name in radio on into the next century," said Westinghouse's Group W Radio Chairman Richard H. Harris.
BUSINESS
June 29, 1988 | AL DELUGACH, Times Staff Writer
KJOI of Los Angeles is changing hands for a reported $75 million, which would be the largest price ever paid for an FM radio station, sources close to the impending transaction said Tuesday. The deal, which is part of a complex shuffling of ownership in stations around the country worth more than $155 million, is expected to be announced today. A draft of a news release prepared for release by Robert F. X.
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