Clear Channel to Buy in Maine

Clear Channel to Buy in Maine
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Clear Channel continued its buying spurt with an announcement that will acquire six stations in Bangor, Maine. The seller is Eastern Radio Assets of East Lansing, Mich. Clear channel will pay $20 million for the purchase, effective July 15.
The stations EAR will sell are WGUY(FM), WVOM(FM), WBYA(FM), WBFB(FM), WKSQ(FM) and WLKE(FM).
EAR exits the Bangor market with the sale. Arbitron ranks Bangor, Maine market # 268.
Clear Channel has recently bought four stations in Wichita, Kan. from Apex Broadcasting, L.L.C. for $6.5 million and acquired almost 30 stations in various U.S. markets from Roberts Radio, L.L.C. for $65.9 million.
Laura Dely