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Radio buyers

Published on .

Hicks, Muse, Tate & Furst, Dallas, said it has committed up to $100 million to a new radio industry investment group to be headed by R. Steven Hicks, who recently resigned as president-CEO of SFX Broadcasting. The group plans to acquire, in leveraged transactions, up to $1 billion of radio station properties, concentrating on markets below the top 25.

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