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Tuesday, February 07, 2006

3 local radio stations change hands in Disney deal

From today's Business Journal:
The Walt Disney Co. on Monday agreed to sell its ABC Radio division, including three Twin Cities stations, to Citadel Broadcasting Corp. for $2.7 billion in cash and stock.

KQRS, 93X and Drive 105 are among the 22 ABC Radio stations included in the deal, in which Las Vegas-based Citadel will also receive the ABC Radio Networks. The transaction does not include the ESPN or Radio Disney networks.
Get the full story from the Business Journal here.

Technorati Tags: 93X, Zone 105, 92 KQRS, Radio Disney, Citadel, Walt Disney Co.