Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
To the delight of radio broadcasters — and the chagrin of Commissioner Gloria Tristani — the Federal Communications Commission this week cleared up about 75 percent of backlogged radio deals by approving license transfers for 32 deals involving 64 radio stations in 26 markets.
Some of the transactions had lingered in the FCC pipeline since 1998.
The deals had been “flagged” because they would give buyers more than a 50 percent revenue share, even though they complied with FCC ownership rules, and Chairman Michael Powell couldn’t justify further delay.
“The
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in