Clear Channel, CBS Radio Swap Outlets

Continuing to further its strategy to divest mid-size market stations and focus on large markets, CBS Radio on Dec. 15 announced a definitive agreement with Clear Channel Radio to swap five mid-size market stations for two large market stations.
 
In the trade, Clear Channel will obtain CBS Radio’s CHR/top 40 KBKS/Seattle, adult hits WQSR/Baltimore, rhythmic KXJM and classic hits KLTH/Portland, Ore., and adult hits KQJK/Sacramento, Calif. In return, CBS Radio will acquire two stations in Houston, the country’s sixth-largest radio market, Latin pop KLOL (Mega 101.1)