×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

Clear Channel/AMFM merger nears Justice OK

Published on .

The U.S. Department of Justice is preparing to file a proposed consent decree to approve the $23.5 billion merger between Clear Channel Communications and AMFM Inc. The two companies have agreed to sell 99 stations in 27 markets as part of the transaction, which will create the largest radio broadcasting company in the U.S. The companies have found buyers for stations in all markets except for four stations in Pennsylvania. The consent decree also will detail concerns regarding outdoor advertising ownership as a result of the merger. AMFM owns a minority stake in Lamar Advertising, while Clear Channel owns Eller Media.

Copyright July 2000, Crain Communications Inc.

In this article:
Most Popular