Snowden buys New Orleans station

SAN ANTONIO, Texas–Clear Channel Communications Inc. said Snowden Broadcasting Inc., with which its Clear Channel Radio unit has a joint venture, agreed to acquire a New Orleans radio station for $ 7.5 million.

The radio and television broadcasting company said the acquisition of WYLD AM/FM will be its “first development of a minority enterprise.” Snowden Broadcasting is a joint venture between Jim Snowden, the general manager of Clear Channel’s Houston radio station, and Clear Channel Radio, the company said.

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