Clear-Channel

Clear-Channel

Clear Channel Acquires AMFM Inc. Creating Radio Monopoly with Over 1,200 Stations

| Importance: 8/10

Clear Channel Communications completes its acquisition of AMFM Inc. for 3.5 billion, creating the largest radio broadcasting company in American history with over 1,200 radio stations nationwide - representing 30 times more stations than congressional regulation previously allowed. This mega-merger …

media-monopoly clear-channel radio-consolidation corporate-merger local-media-destruction +3 more
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Clear Channel Begins Unprecedented Radio Consolidation Under Telecommunications Act

| Importance: 8/10

Clear Channel Communications begins an unprecedented consolidation spree following the February 1996 Telecommunications Act, acquiring $581 million worth of radio and television stations within just four months of the act’s passage. Before the Telecommunications Act eliminated ownership caps, …

Clear Channel Communications Lowry Mays FCC Federal Communications Commission Local Radio Stations telecommunications media-consolidation radio clear-channel deregulation +2 more
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