You will be redirected back to your article in seconds

Chancellor snaps up six Cleveland radio stations

$275 million changes hands in deal

NEW YORK — Radio consolidator Chancellor Media Corp. announced agreements Wednesday to acquire six radio stations in Cleveland for $275 million.

The Irving, Texas-based company’s acquisition of four FM and two AM stations will position Chancellor as a leading radio station group operator in Cleveland, the country’s 23rd largest market in terms of radio revenues.

Five of the six stations are among ratings leaders in their respective target demographics, offering such formats as soft-rock, urban radio and contemporary hits.

Sellers are the Independent Group Limited Partnership, Zapis Communications and ML Media Partners.

Chancellor CEO Jeffrey A. Marcus called the acquisitions key to the company’s strategy of “operating superduopoly clusters of radio stations.

“With this acquisition,” he continued, “we have assembled a station group that, in one unique transaction, positions Chancellor as a leading operator in Cleveland, a market previously unserved by Chancellor’s radio division.”

Chancellor, the country’s second-largest radio broadcasting company, also has interests in outdoor advertising and television.

More Biz

  • Bill OReilly Roger Ailes Sexual Harrassment

    Bill O'Reilly, Roger Ailes Still Loom Over Fox's Business (Analysis)

    NEW YORK — Radio consolidator Chancellor Media Corp. announced agreements Wednesday to acquire six radio stations in Cleveland for $275 million. The Irving, Texas-based company’s acquisition of four FM and two AM stations will position Chancellor as a leading radio station group operator in Cleveland, the country’s 23rd largest market in terms of radio revenues. […]

  • Éric Salvail Suspends Career After Sexual

    Quebec Radio Star and Producer On Leave Over Sexual Harassment Allegations

    NEW YORK — Radio consolidator Chancellor Media Corp. announced agreements Wednesday to acquire six radio stations in Cleveland for $275 million. The Irving, Texas-based company’s acquisition of four FM and two AM stations will position Chancellor as a leading radio station group operator in Cleveland, the country’s 23rd largest market in terms of radio revenues. […]

  • Roy Price

    Harvey Weinstein Fallout: Entertainment Figures Accused of Sexual Harassment

    NEW YORK — Radio consolidator Chancellor Media Corp. announced agreements Wednesday to acquire six radio stations in Cleveland for $275 million. The Irving, Texas-based company’s acquisition of four FM and two AM stations will position Chancellor as a leading radio station group operator in Cleveland, the country’s 23rd largest market in terms of radio revenues. […]

  • Harvey Weinstein

    Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy (EXCLUSIVE)

    NEW YORK — Radio consolidator Chancellor Media Corp. announced agreements Wednesday to acquire six radio stations in Cleveland for $275 million. The Irving, Texas-based company’s acquisition of four FM and two AM stations will position Chancellor as a leading radio station group operator in Cleveland, the country’s 23rd largest market in terms of radio revenues. […]

  • Mark Baker Warner Music Group

    Warner Music Group Names Mark Baker VP of Public Policy & Government Affairs

    NEW YORK — Radio consolidator Chancellor Media Corp. announced agreements Wednesday to acquire six radio stations in Cleveland for $275 million. The Irving, Texas-based company’s acquisition of four FM and two AM stations will position Chancellor as a leading radio station group operator in Cleveland, the country’s 23rd largest market in terms of radio revenues. […]

  • Lupita Nyong'o Harvey Weinstein

    Lupita Nyong'o Details Harvey Weinstein's Advances Toward Her in Op-Ed: 'I Felt Unsafe'

    NEW YORK — Radio consolidator Chancellor Media Corp. announced agreements Wednesday to acquire six radio stations in Cleveland for $275 million. The Irving, Texas-based company’s acquisition of four FM and two AM stations will position Chancellor as a leading radio station group operator in Cleveland, the country’s 23rd largest market in terms of radio revenues. […]

  • David Blaine Rape

    David Blaine Accused of Rape by Former Model

    NEW YORK — Radio consolidator Chancellor Media Corp. announced agreements Wednesday to acquire six radio stations in Cleveland for $275 million. The Irving, Texas-based company’s acquisition of four FM and two AM stations will position Chancellor as a leading radio station group operator in Cleveland, the country’s 23rd largest market in terms of radio revenues. […]

More From Our Brands

Access exclusive content