American Radio Systems to acquire KKIK-FM, Temple, Texas.

BOSTON--(BUSINESS WIRE)--May 9, 1997--American Radio Systems Corp. (NYSE NYSE

See: New York Stock Exchange :AFM (Atomic Force Microscope) A device used to image materials at the atomic level. AFMs are used to solve processing and materials problems in electronics, telecom, biology and other high-tech industries. ) announced today that it has reached an agreement to acquire radio station KKIK-FM, licensed to Temple, Texas, from Stellar Communications Inc.

The purchase price will be approximately $3,650,000. Consummation of the transaction is subject to regulatory approval.

KKIK-FM's signal is currently being upgraded and the city of license is being changed to Taylor, Texas Taylor is a city in Williamson County, Texas, United States. The population was 13,575 at the 2000 census; it was 15,014 in the 2005 census estimate. The local newspaper is the Taylor Daily Press, formerly owned by the legendary Texas publisher Frank W. Mayborn. . Once the upgrade is completed, the station will service the cities of Temple and Taylor and the greater Austin radio market. American Radio currently owns KKMJ-FM, KAMX-FM and KJCE-AM serving Austin.

Whitley Broadcast Media Inc. represented the seller in this transaction.

American Radio Systems Corp. began trading shares publicly in June, 1995. The company owns and/or programs and markets 64 FM and 29 AM stations in Boston, Seattle, Cincinnati, Baltimore, Pittsburgh, Portland, Sacramento, St. Louis, Charlotte, Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Hartford, Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Austin, Buffalo, San Francisco/San Jose, West Palm Beach, Rochester, Dayton and Fresno. The company also has options and/or agreements to buy additional radio stations in Cincinnati, Portland, San Francisco/San Jose, Pittsburgh, Charlotte, West Palm Beach and Riverside.

CONTACT: American Radio Systems

Joe Winn/Bruce Danziger, 617/375-7500

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Publication:	Business Wire
Date:	May 9, 1997
Words:	199
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Topics:	Radio broadcasting Radio broadcasting industry Mergers, acquisitions and divestments Radio stations Mergers, acquisitions and divestments

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