c-note

Charlottesville, VA Business News

Clear Channel sells six local stations for $7.75 million

Posted by bchapman on July 23, 2007

George Reed of Florida is buying six radio stations from “CC Licenses, LLC,” which is, comically, “a wholly owned subsidiary of Clear Channel Broadcasting, Inc., which is a wholly owned subsidiary of CC Broadcast Holdings, Inc., which is a wholly owned subsidiary of Clear Channel Broadcasting Licensees, Inc., which is a wholly owned subsidiary of Clear Channel Holdings, Inc., which is wholly owned by Clear Channel Communications, Inc., a publicly-traded company,” according to a legal notice in the Progress and online industry reports. Reed’s company is “Sistema LLC.”

Sistema  is getting Country 99.7, Hot 101.9, SuperHits 102.3, Mix 107.5, News/Talk WCHV 1260, and  WKAV/1400.

Seems like radio stations are cheaper then they use to be.

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