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Industry: Email Alert RSS FeedClear Channel's latest: KITN-TV. (Clear Channel Communications Inc. acquisition of Minneapolis TV station) (Brief Article)
Broadcasting & Cable, August, 1993 by Zier, Julie A.
Clear Channel Communications Inc. added to its collection of TV stations last week with the purchase of KITN-TV Minneapolis from Nationwide Communication Inc. for $36 million. It is Clear Channel's eighth television purchase, its seventh Fox affiliate. "Fox has the most creative programing minds in the business right now," says Randall Mays, vice president and treasurer of the San Antonio-based group broadcaster.
"That's probably what draws us to them more than anything else." Nationwide President Steve Berger says its stations are not on the block, but Clear Channel made "an offer we couldn't refuse." Minneapolis will be the largest market for the publicly traded company, which also owns 31 radio stations. Clear Channel has looked at large...
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