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FCC OK’s AMFM, Clear Channel Combo

FCC OK's AMFM, Clear Channel Combo

The FCC has approved the $23 billion merger of AMFM Inc. and Clear Channel Communications, approximately 3 weeks after the Justice Department gave its OK. Clear Channel would own close to 1 thousand stations after 122 required spin-offs to satisfy ownership and anti-trust requirements once the deal closes, expected soon.
Leslie Stimson