Sunday, January 13, 2008

WSYRs to be sold?

by Barbara Fought
The New York Times and other media are reporting that the FCC has given the nod to a buyout of Clear Channel, mega-owner of radio and TV properties, including WSYR-AM and WSYR-TV in Syracuse. No word on these two stations specifically. It's a $19.5 billion deal. The Times says that the Justice Department has to approve this yet, but stay tuned for a formal announcement this week. Buyer is Bain Capital Investment.

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