In August 1997, Capstar and Hicks, Muse, Tate & Furst announced plans to acquire SFX Broadcasting, with the resulting company owning 314 stations in 79 markets and ranking as the third-largest radio group by income. Steven Hicks and Hicks, Muse, Tate & Furst began Capstar Broadcasting in 1996, and a year later had become the largest owner of radio stations in the country, with 243 stations in total. The company also made an investment in the new satellite radio service XM Satellite Radio, giving it the rights to program a selection of stations on the service (which would be drawn from some of its stations and syndicated output). In 1999, the company acquired Jacor Communications, a radio corporation based in Cincinnati. These included a 51% stake in Clear Media Ltd. In 1998 it made its first move outside of the United States when it acquired the leading UK outdoor advertising company More Group plc, which was led by Roger Parry Clear Channel went on to buy many other outdoor advertising, radio broadcasting, and live events companies around the world, which were then re-branded Clear Channel International. In 1997 Clear Channel moved out of pure broadcasting when it purchased billboard firm Eller Media, which was led by Karl Eller. In 2005, the courts ruled that Clear Channel must also divest itself of some " border blaster" radio stations in international border cities, such as the alternative rock radio station XETRA-FM ("91X") in Tijuana, Baja California/ San Diego. In a few cases, following purchase of a competitor, Clear Channel was forced to divest some of its stations, as it was above the legal thresholds in some cities. Clear Channel went on a subsequent buying spree, purchasing more than 70 other media companies and individual stations. When the Telecommunications Act of 1996 became law, the act deregulated media ownership, allowing a company to own more stations than previously allowed. By 1995, Clear Channel owned 43 radio stations and 16 television stations. Congress relaxed radio ownership rules slightly, allowing the company to acquire more than 2 stations per market. Stations were also added in Port Arthur, Texas (KPAC-AM-FM, now KDEI and KTJM, from Port Arthur College) and El Paso, Texas (KELP, now KQBU) from John Walton Jr. KXXO (now KAKC) and KMOD-FM in Tulsa were acquired under the name "San Antonio Broadcasting" (same as KEEZ). In 1976, the company purchased its first stations outside of San Antonio. The company purchased the second "clear channel" AM station WOAI in 1975. History Ĭlear Channel Communications purchased its first FM station in San Antonio in 1972. The company spun off these businesses in 20 respectively, as the present-day Live Nation Entertainment and Clear Channel Outdoor. In the past, the company was also involved in live events and out-of-home advertising. ![]() The company has also been involved in internet radio and podcasting via the digital platform iHeartRadio (from which the company derives its current name). ![]() (formerly Clear Channel Broadcasting, Inc.) the company owns more than 850 full-power AM and FM radio stations in the U.S., making it the country's largest owner of radio stations. specializes in radio broadcasting, podcasting, digital and live events through division iHeartMedia (sans "Inc." suffix formerly Clear Channel Media and Entertainment, Clear Channel Radio, et al.) and subsidiary iHeartMedia and Entertainment, Inc. ![]() was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc. On September 16, 2014, CC Media Holdings, Inc. As a result of this buyout, Clear Channel Communications, Inc., began to operate as a wholly owned subsidiary of CC Media Holdings, Inc. Lee Partners through a leveraged buyout in 2008. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. It is the holding company of iHeartCommunications, Inc. IHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas.
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