Hot properties.(stations to be divested by Clear Channel)

Broadcasting & Cable, November, 1999

Bids were due last Friday for the 103 stations Clear Channel is spinning off as part of its $23.5 billion purchase of AMFM Inc. [B&C, Oct. 11]. Among the stations for sale--though Clear Channel officials said the list is subject to change--were kkbt-fm, one of the leading urban stations in Los Angeles. Also on the block were four FMs in Phoenix, including kyot, the smooth-jazz station ranked No. 1 in the market among listeners 25-54.

Also making the list were seven FMs and three AMs in Houston; five FMs and one AM in Denver; four FMs and three AMs in Cleveland, and two FMs each in San Francisco and Dallas. One interested bidder said Clear Channel wants to move fast; winners could be determined this week. Among the known bidders: Citadel, Emmis and urban...

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