Jacor deal OK'd

Published on .

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.

Most Popular
In this article: