Clear Channel Media and Entertainment to Buy WOR New York
Aug 13, 2012 10:21 AM
New York - Aug 13, 2012 - Clear Channel Media and Entertainment is purchasing AM radio station WOR 710 from Buckley Broadcasting Corporation, pending FCC approval. Terms of the agreement were not disclosed. Founded in 1922, WOR 710 AM is New York's oldest radio station and one of the country's most iconic radio brands.
Since its founding, WOR has had a longstanding commitment to technology and innovation; it was one of the first radio stations in America to use a directional antenna and was the first AM radio station in New York to broadcast with HD Radio.
Clear Channel Media and Entertainment currently owns five stations in the New York market including 103.5 KTU, Q104.3, Z100, 106.7 Lite FM and Power 105.1.
Closing of the transaction is subject to FCC consent and other customary closing conditions.
Through this multi-year deal, iHeartRadio, which delivers access to more than 1,000 of the nation's broadcast and digital-only radio stations will become Yahoo's premier digital radio service....
Tom Schurr is the new president of operations for major markets, and Matt Martin is the new president of operations for regional markets....