The FCC has approved the merger of Infinity Broadcasting Corp. and Westinghouse/CBS, clearing the path for the creation of the nation's largest group of radio stations. The FCC last week said it approved Westinghouse's request for a permanent waiver to retain stations it acquired last year from CBS. Westinghouse and INfinity also have filed to divest of stations in Chicago and Dallas-Ft. Worth so the merged company complies with "local radio ownership rules," the agency said. In all, the merged entity will operate more than 80 radio stations.
Copyright December 1996, Crain Communications Inc.