WASHINGTON – The FCC has approved the merger of Infinity Broadcasting Corp. and Westinghouse Electric Corp.
As part of the approval, Westinghouse will have to spin off radio stations in markets where it will be over the Federal Communications Commission limit. Westinghouse and Infinity already have said they will divest stations in Chicago and Dallas to comply with radio ownership rules.
The waiver also takes into consideration Westinghouse’s settlement of a civil antitrust suit with the Justice Dept. that requires the company to divest WBOX Boston and WMMR Philadelphia.
The merger will create the industry’s largest radio group, with revenues of more than $1 billion and 79 radio stations in 17 markets.