Capstar turns off radio buys

Company heeds federal antitrust warnings

WASHINGTON — Due to objections from federal antitrust officials, Capstar Broadcasting Partners dropped its plan to acquire two radio stations in Texarkana, Texas.

Justice Department lawyers argued that Capstar’s plan to buy KATQ Radio, which owns KTWN-FM and KTFS, would have reduced competition in Texarkana. Capstar owns five radio stations in Texarkana.

“If the acquisition had gone forward, businesses that rely upon radio to sell their products would have had to pay more to advertise,” said Joel Klein, assistant attorney general for antitrust.

More Biz

  • Actress Asia Argento speaks about being

    Asia Argento Settled With Sexual Assault Accuser Last Year (Report)

    WASHINGTON — Due to objections from federal antitrust officials, Capstar Broadcasting Partners dropped its plan to acquire two radio stations in Texarkana, Texas. Justice Department lawyers argued that Capstar’s plan to buy KATQ Radio, which owns KTWN-FM and KTFS, would have reduced competition in Texarkana. Capstar owns five radio stations in Texarkana. “If the acquisition […]

  • Music Streaming Revenue placeholder

    Check's In the Mail: Sony Music Disburses $750 Million to Artists in 'Spotify Windfall' (EXCLUSIVE)

    WASHINGTON — Due to objections from federal antitrust officials, Capstar Broadcasting Partners dropped its plan to acquire two radio stations in Texarkana, Texas. Justice Department lawyers argued that Capstar’s plan to buy KATQ Radio, which owns KTWN-FM and KTFS, would have reduced competition in Texarkana. Capstar owns five radio stations in Texarkana. “If the acquisition […]

  • Aretha Franklin - American Soul Singer

    Aretha Franklin Funeral, Public Viewing Plans Announced

    WASHINGTON — Due to objections from federal antitrust officials, Capstar Broadcasting Partners dropped its plan to acquire two radio stations in Texarkana, Texas. Justice Department lawyers argued that Capstar’s plan to buy KATQ Radio, which owns KTWN-FM and KTFS, would have reduced competition in Texarkana. Capstar owns five radio stations in Texarkana. “If the acquisition […]

  • Stan Lee

    Judge Grants Restraining Order to Protect Stan Lee

    WASHINGTON — Due to objections from federal antitrust officials, Capstar Broadcasting Partners dropped its plan to acquire two radio stations in Texarkana, Texas. Justice Department lawyers argued that Capstar’s plan to buy KATQ Radio, which owns KTWN-FM and KTFS, would have reduced competition in Texarkana. Capstar owns five radio stations in Texarkana. “If the acquisition […]

  • Prince Rogers Nelson

    Prince Estate and Sony Release 23 Long-Unavailable Albums Digitally

    WASHINGTON — Due to objections from federal antitrust officials, Capstar Broadcasting Partners dropped its plan to acquire two radio stations in Texarkana, Texas. Justice Department lawyers argued that Capstar’s plan to buy KATQ Radio, which owns KTWN-FM and KTFS, would have reduced competition in Texarkana. Capstar owns five radio stations in Texarkana. “If the acquisition […]

  • Rosie O'Donnell, Frankie Shaw, David Nevins,

    Showtime Takes Boutique Approach Amid Intense Competition for Talent, Premium TV Viewers

    WASHINGTON — Due to objections from federal antitrust officials, Capstar Broadcasting Partners dropped its plan to acquire two radio stations in Texarkana, Texas. Justice Department lawyers argued that Capstar’s plan to buy KATQ Radio, which owns KTWN-FM and KTFS, would have reduced competition in Texarkana. Capstar owns five radio stations in Texarkana. “If the acquisition […]

  • Ryan Kavanaugh

    Relativity Media Sale to UltraV Holdings Approved by Bankruptcy Judge

    WASHINGTON — Due to objections from federal antitrust officials, Capstar Broadcasting Partners dropped its plan to acquire two radio stations in Texarkana, Texas. Justice Department lawyers argued that Capstar’s plan to buy KATQ Radio, which owns KTWN-FM and KTFS, would have reduced competition in Texarkana. Capstar owns five radio stations in Texarkana. “If the acquisition […]

More From Our Brands

Access exclusive content