Clear Channel Has Deals For 362 Radio Stations

CLEAR CHANNEL HAS DEALS FOR 362 RADIO STATIONS
[SOURCE: Wall Street Journal]
Clear Channel said it has entered definitive agreements to sell 362 radio stations in 72 markets for a total of about $820 million since beginning its efforts in the fall to sell its television stations and 448 radio stations in 88 markets. Clear Channel said it is continuing to look for buyers for the remaining 86 stations in 16 markets. It expects to receive about $1.88 billion in after-tax proceeds for TV and radio stations under definitive agreements.
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