Clear Channel to sell Eugene radio stations.Byline: Joe Mosley The Register-Guard One media chain's small market is another's large market - which is why four Eugene radio stations are changing hands. Stations KPNW-AM, KDUK, KODZ and KFLY-FM are among a total of 14 Oregon stations that media giant Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. has agreed to sell to Bicoastal bi·coas·tal adj. 1. Relating to both the east and west coasts of the United States, as: a. Traveling frequently between coasts as part of a business or living arrangement: Media for about $37 million. Clear Channel (NYSE NYSE See: New York Stock Exchange : CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ), based in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , has declined to comment on the sales, but announced a plan last November to divest itself of 448 radio stations in 88 of its smaller market areas. The media company, which still has about 1,200 radio stations, has now sold 362 of the targeted stations - including the four in Eugene, five in the Corvallis/Albany area and five in Medford. Bicoastal, headquartered in the tiny Northern California town of Lakeport, has announced it will take over the 14 Oregon stations sometime late this month. The sale will be finalized if the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. gives its approval, as expected, three to four months after Bicoastal assumes operations. The acquisitions will give Bicoastal a total of 47 stations. Its Northern California markets are in Lakeport/Ukiah and Crescent City; its Oregon markets are in Coos Bay, Hood River/The Dalles, Medford, Corvallis/Albany and Eugene; and its lone Washington market is in Longview. The Oregon stations are in the largest population areas of those served by the growing Bicoastal chain - which bought five Hood River/The Dalles stations three months ago from U.S. Rep. Greg Walden, R-Ore. Mike Wilson, Bicoastal's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , was not at his office and did not return a phone message on Monday. But Wilson told the Medford Mail Tribune newspaper on Friday that the chain is looking for opportunities to move into bigger communities. "We're looking to get into larger markets, and these are rated markets," Wilson said. The Bicoastal executive said his chain does not plan to alter the formats or staffing levels of the newly acquired stations. "They're very well run," Wilson said. "We're very pleased with management in those locations." Top managers for the Clear Channel stations in Eugene were at a retreat on Monday and did not return phone messages. |
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