Clear Channel tops 100; Heftel tender offer would boost portfolio to 112 radio stations. (Clear Channel Communications Inc.; includes information on other firms' radio and television station acquisitions)

Broadcasting & Cable, June, 1996 by Rathbun, Elizabeth

TV/radio group owner Clear Channel Communications Inc. is cementing its place as the nation's largest radio-station owner, passing the century mark by owning or buying more than 100 radio stations.

Clear Channel's tender offer for Heftel Broadcasting Corp. also puts the San Antonio-based company in the nation's largest markets: New York (ranked number one by Nielsen); Los Angeles (2); Chicago (3), and Dallas/Fort Worth (8). It also extends Clear Channel's role in Spanish-language broadcasting. Las Vegas-based Heftel is the nation's largest Spanish-language broadcaster.

Adding Heftel's 18 radio stations to its portfolio gives Clear Channel 112 radio stations. Clear Channel also owns 10 TV stations.

Clear Channel's tender offer for Heftel was...

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