Jacor Communications' $620 million acquisition of Nationwide Communications radio stations triggered a big radio station swap and concerns of the U.S. Department of Justice and Ohio attorney general about media concentration issues. The Justice Department approved the deal today after Covington, Ky.-based Jacor agreed to sell off eight of Nationwide's 17 stations--two in San Diego, one in Cleveland and five in Columbus, Ohio. The swap, however, involves far more stations. Jacor currently has 197 stations.
Copyright August 1998, Crain Communications Inc.