FCC clears way for AMFM merger

$23 bil venture ok'd after 122 radio stations were cut

The Federal Communications Commission Tuesday gave the go-ahead for Clear Channel to merge with AMFM, in exchange for dropping 122 radio stations in 37 markets, including KACD-FM (Channel 103.1) in Los Angeles.

It was the final regulatory hurdle before the $23 billion merger, announced last October, can be completed.

Clear Channel has already sold many of the stations, including KKBT (the Beat) in Los Angeles.

Web venture

Rather than selling Channel 103.1 altogether, Clear Channel/AMFM will continue to operate it as a Webcast venture, using the same staff and studios.

Last month, the U.S. Department of Justice gave its approval to the merger on the condition that 99 stations in 27 markets be sold by Clear Channel.

The FCC approval was contingent on selling an additional 23 stations in 10 markets. Clear Channel is expected to divest quickly of the remaining stations so that it can proceed with the merger.

The pending merger creates a company that will hold the lead in the U.S. radio and outdoor advertising industries with nearly 900 radio stations and 425,000 billboards. The company will own equity stakes in some 240 overseas radio stations.

More News


    Netflix Revises Controversial '13 Reasons Why' Suicide Scene

    Netflix has edited the controversial suicide scene from “Thirteen Reasons Why” two years after the show originally premiered. “We’ve heard from many young people that ’13 Reasons Why’ encouraged them to start conversations about difficult issues like depression and suicide and get help—often for the first time,” Netflix said in a statement Monday. “As we [...]

  • Russell Tovey on His 'Arrogant and

    Russell Tovey on His 'Arrogant and Heroic' 'Years and Years' Character

    SPOILER ALERT: Do not read if you have not yet watched the fourth episode of “Years and Years.” Russell T. Davies’ limited series “Years and Years” began with a birth, but it did not wait until the finale to book-end the story with a death. In the fourth episode of the multi-year spanning family drama, [...]

  • Sean AstinCritics' Choice Awards, Arrivals, Los

    Film News Roundup: Sean Astin Cast in 'Mayfields Game,' 'Charming the Hearts of Men'

    In today’s film news roundup, Sean Astin gets two roles, two “Peanuts” movies are set for release, “One Last Night” gets distribution and Brian De Palma gets honored. CASTINGS Sean Astin has been cast in a pair of upcoming feature films: “Mayfield’s Game” opposite Mira Sorvino and “Charming The Hearts of Men” opposite Kelsey Grammer. Astin [...]

  • Dwayne Johnson Idris Elba

    Dwayne Johnson: Idris Elba Nixed 'Black James Bond' Joke in 'Hobbs & Shaw'

    In the “Fast & Furious Presents Hobbs & Shaw,” the movie’s villain Brixton, played by Idris Elba, spreads his arms out wide and declares “I’m black Superman.” It turns out that might not have been the original line. Dwayne Johnson tells Variety that Elba was first asked to proclaim he’s “black James Bond,” but the [...]

  • Justin Baldoni

    Justin Baldoni Developing 'It Ends With Us' Romance Movie

    “Jane the Virgin” Star Justin Baldoni is adapting Colleen Hoover’s romance novel “It Ends With Us” for film through his Wayfarer Entertainment company. Baldoni announced Monday that he had optioned the project on his Instagram account. “It Ends With Us” first published in 2016 and follows a young woman through the tumultuous stages of an [...]

More From Our Brands

Access exclusive content