Clear Channel Communications, which owns four radio stations in Eugene, including 1120 KPNW been sold to Bicoastal Media of Lakeport, Calif., along with nine other stations in Oregon for about $37 million.
The purchase is the largest for the growing Bicoastal radio network.
"We're looking to get into larger markets, and these are rated markets," said Mike Wilson, Bicoastal president and chief operating officer, who was home Friday recovering from minor surgery to repair a rotator cuff injury in his shoulder. "We assume there will be more activity for us in rated markets within the next 30 days."
Wilson says that they do not anticipate any cuts in staffing, stating "there's staffed pretty lean for the volume that they do..."
The sale of the four local radio stations are part of 362 radio stations and 72 markets for a total of approximately $840 million.
Additional resources
{news release Clear Channel radio}--
{Bicoastal's Web site}--
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