The Clear Channel deal was approved by shareholders today. Closing will be next Wednesday 7/30.
Since CC has to spin off two of the Houston FM's as part of the deal, we should hear something definite about divestitures any time now.
As long as it has taken for this deal to go through, you would think a buyer or buyers for the two stations would already be lined up. Of course, they could also go into a trust, pending a final sale.
Stay tuned. Could be the beginning of an interesting chain reaction.
Since CC has to spin off two of the Houston FM's as part of the deal, we should hear something definite about divestitures any time now.
As long as it has taken for this deal to go through, you would think a buyer or buyers for the two stations would already be lined up. Of course, they could also go into a trust, pending a final sale.
Stay tuned. Could be the beginning of an interesting chain reaction.