December 1999 / January 2000

AMFM bought by Clear Channel Communications

01 December 2000

The two largest operators of radio stations in America, Clear Channel Communications and AMFM, are to merge in a deal valued at US$17.4 billion. The merged entity will be the clear market leader with control over 8,300 radio stations across the United States. The deal is subject to approval by the FCC and it is expected that the two operators will divest 125 stations in order to gain approval for the transaction.