Justice Dept. gives tentative OK to Chancellor purchase

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The U.S. Department of Justice gave tentative approval to Chancellor Media Corp.'s $39.5 million acquisition of Larkspur, Calif.-based out-of-home company Kunz & Co. after Chancellor agreed to sell off assets in three California counties and one in Arizona. Chancellor owns Martin MacFarlane, which sells out-of-home ads in several states including California and Arizona.

Copyright November 1998, Crain Communications Inc.

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