Greater Media, Ibiquity Ink Deal

Radio groups are starting to line up for IBOC.
Greater Media Inc. has come to agreement with Ibiquity Digital Corp. on a licensing agreement that covers all of its stations. The company plans to implement IBOC as aggressively as possible, consistent with equipment availability and the actual logistics
at each location. The company had previously earmarked $1 million for equipment. Yesterday, Clear Channel and Ibiquity reached a similar deal.