Clear Channel Communications last month announced plans to jettison 448 of its 1
Clear Channel Communications last month announced plans to jettison 448 of its 1,150 radio stations located in small markets, as well as its 42-station television group. The stations up for sale include its entire roster of 17 Maine stations, located in the Bangor and Augusta-Waterville markets. Suzanne Goucher, president of the Maine Association of Broadcasters, said this many stations going on the market all at once is unprecedented. The news may open up some opportunities for more local ownership, though the most likely buyers are other ownership groups currently in the same markets like Citadel Broadcasting Crop. and Nassau Broadcasting. Mark Osborne, who last year purchased a 50,000-watt radio station in Ellsworth from Clear Channel, said local operators may have a hard time affording one of the stations. How the sales will affect the radio market is Maine will remain unknown until buyers step forward.
Radio broadcasting, Radio stations, Clear Channel Communications
Richardson, Whit, "Clear Channel Communications last month announced plans to jettison 448 of its 1" (2006). Maine News Index – MaineBiz. 3925.