5-14-14
It's a three-way deal that went like this: Quantum has agreed to swap all the assets of its 29 radio stations to Clear Channel in exchange for WALK-AM/FM on Long Island, which has been in the Aloha Trust since 2008. (As part of its multibillion-dollar buyout in 2008, Clear Channel put some of its radio stations in a trust to meet FCC ownership rules, which is controlled by Jeannette Tully. WALK AM/FM was one of the highest profile stations in that trust.) When that deal closes, Qantum agrees to sell WALK-AM/FM to Connoisseur Media.
Add a Comment Send This Story To A Friend
