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76-463: (Redirected from Clear Channel ) Clear channel may refer to: iHeartMedia , a US broadcasting company formerly known as Clear Channel Communications. Clear Channel Outdoor , an advertising company formerly a subsidiary of iHeartMedia. Clear-channel station , a regulatory category of AM broadcast stations in North America. Topics referred to by

152-717: A directional antenna with a three- tower array . The transmitter site is off South 109th Avenue East in Bixby . Much of the KAKC schedule is nationally syndicated talk shows. Weekdays begin with America in the Morning followed by This Morning, America's First News with Gordon Deal , The Michael DelGiorno Show , The Glenn Beck Program , The Clay Travis and Buck Sexton Show , The Charlie Kirk Show , The Jesse Kelly Show , The Joe Pags Show , Coast to Coast AM with George Noory and Red Eye Radio . In afternoon drive time , Lee Matthews

228-645: A leveraged buyout in 2008. As a result of the 2008 buyout, Clear Channel Communications, Inc. became a wholly owned subsidiary of CC Media Holdings, Inc. On September 16, 2014, CC Media Holdings, Inc. was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc. iHeartMedia, Inc. specializes in radio broadcasting , podcasting , digital and live events through division iHeartMedia (sans "Inc." suffix; formerly Clear Channel Media and Entertainment, Clear Channel Radio, et al.) and subsidiary iHeartMedia and Entertainment, Inc. (formerly Clear Channel Broadcasting, Inc.);

304-451: A news/talk station, with bad ratings made worse by its poor signal. Meanwhile, KMOD returned on the air as an album rock station, and had good ratings but not many advertisers. They decided to simulcast KMOD-FM's album rock programs on KXXO's AM frequency, which lowered costs for running KXXO while attracting more listeners. Sales staff promoted to advertisers that their album-rock listeners were less "hip" and more "family-oriented", which

380-527: A 51% stake in Clear Media Ltd. in China. R. Steven Hicks and Hicks, Muse, Tate & Furst began Capstar Broadcasting in 1996, and a year later had become the largest owner of radio stations in the country, with 243 stations in total. In August 1997, Capstar and Hicks, Muse, Tate & Furst announced plans to acquire SFX Broadcasting , with the resulting company owning 314 stations in 79 markets and ranking as

456-540: A LMA with Clear Channel's KLRT-TV . Clear Channel also entered into a deal with Providence Journal Company , who owns Fox affiliate KMSB in Tucson to operate KTTU through a local marketing agreement. Memphis also jumped onto the board when WLMT entered into a LMA with Clear Channel's WPTY . Also in 1993, Clear Channel entered into a local marketing agreement with RDS Communications to operate KTFO-TV in Tulsa, which most of

532-930: A LMA with Clear Channel's WPRI . As part of the radio-TV strategy, Clear Channel acquired Jacor Communications , which incorporated WKRC-TV in Cincinnati into the Clear Channel Television branch. Once FCC relaxed its duopoly rules, Clear Channel acquired stations that were originally LMA markets outright, including WLMT in Memphis , KTFO in Tulsa , WTEV in Jacksonville , KASN in Little Rock and WJTC in Mobile . Also in 2000, Clear Channel sold WPRI to Sunrise Television for $ 50 million. Later on in 2001, William Moll become

608-448: A billboard media company led by Karl Eller . In 1998, it made its first move outside of the US when it acquired the leading UK outdoor advertising company More Group plc, which was led by Roger Parry ; Clear Channel went on to buy many other outdoor advertising, radio broadcasting, and live events companies around the world, which were then re-branded Clear Channel International. These included

684-437: A channel (frequency) on which only one station transmits. In the U.S., clear-channel stations have exclusive rights to their frequencies throughout most of the continent at night, when AM signals travel far due to skywave . CEO Bob Pittman said that the company had been "doing progressive stuff", yet were still "named after AM radio stations". Beginning in 2008, iHeartMedia struggled to pay down more than $ 20 billion in debt

760-459: A child. There were other artists from the 1940s and 1950s who played the state fair circuits later in life and visited Tulsa. They stopped by the studio and gave interviews to John Henry and Spencer Rhodes' early morning Country Swing and Rock and Roll show known as the "Hillbilly Hit Parade." In 1990, the station changed formats again, from oldies to CNN headline News. The popular morning show ended, although John Henry moved to an afternoon slot and

836-400: A deal where the company might file for bankruptcy. On March 15, 2018, the company filed for Chapter 11 bankruptcy, and claimed that it reached an agreement to restructure $ 10 billion of its over $ 20 billion in debt. In September 2018, iHeartMedia acquired HowStuffWorks ' podcast network Stuff Media for $ 55 million. On November 19, 2018, iHeartMedia announced its intent to acquire Jelli ,

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912-448: A direct listing on the Nasdaq . On January 14, 2020, iHeartMedia announced a major restructuring, as part of an effort to "modernize our company to take advantage of the significant investments we have made in new technology and aligning our operating structure to match the technology-powered businesses we are now in." This included the restructuring of its Markets Group into three divisions:

988-759: A division of Franklin Broadcasting, by 1963, Franklin Broadcasting was trying to sell all their radio stations. They tried to sell KOME to Producers, Inc. (wholly owned by Polaris Corporation) for the same amount they paid for it in 1960, but the deal did not go through. They finally sell it to Wagenvoord Broadcasting. In 1964, Wagenvoord Broadcasting Company bought KOME from Franklin Broadcasting. David Wagenvoord worked for Franklin Broadcasting before this purchase, as executive vice-president of radio operations for all their stations, and as general manager of WWOM New Orleans and vice-president of their New Orleans branch office before that. Around this same time, Wagenvoord also

1064-530: A few cases, following purchase of a competitor, Clear Channel was forced to divest some of its stations, as it was above the legal thresholds in some cities. In 2005, the courts ruled that Clear Channel must also divest itself of some " border blaster " radio stations in international border cities, such as the alternative rock radio station XETRA-FM ("91X") in Tijuana / San Diego . In 1997, Clear Channel expanded and diversified its business, purchasing Eller Media,

1140-425: A hundred stations were assigned to Aloha Station Trust, LLC upon the consummation of the merger. The television stations were sold to Newport Television , a broadcaster owned by Providence Equity Partners , on April 23, 2007. Due to the credit market crunch of 2007, Clear Channel encountered difficulty selling some of its radio stations. Clear Channel's attempt to sell off over 100 stations to GoodRadio.TV, LLC

1216-484: A marketing partnership with Robert F. X. Sillerman 's SFX Entertainment (a second incarnation of a live events company that had been sold to Clear Channel, which spun off to form Live Nation), to collaborate on electronic dance music content for its digital and terrestrial radio outlets, including a Beatport top 20 countdown show. The partnership expanded upon the company's existing EDM-oriented outlets, including Evolution . Staff, including John Sykes , believed that

1292-501: A number of its homegrown talk and music shows without the aid of Premiere. While Premiere actively sells its shows to stations, the non-Premiere syndicated shows are often used as a cost-cutting measure and do not have a large sales staff. Those shows also do not carry network-wide advertising (unless distributed by a third party), and allow the affiliates to keep all local spots, which increases their appeal. These networks carry many program hosts of various political ideologies and distribute

1368-472: A radio station: At the time, it was against American Association of Advertising Agencies (4As) 's rules for their members (ad agencies) to buy media companies, but when two other advertising agencies also bought media companies and all three left 4As to do so, 4As changed their rule to allow it. In 1971, Hite bought out the controlling stock from Tracy-Locke. KCNW was the first station in Tulsa to try programming with Countrypolitan music. In 1973, KCNW

1444-599: A result, Mutual ended the affiliation. Some other stations followed KOME's lead, and the decision entered into public debate along with the wider issue of continued Prohibition in Oklahoma. Brown died in February 1957, and in September of that year John Brown University sold KOME. In 1957, John Kluge and Mark Evans Austad bought the station from John Brown University for $ 100,000 (equivalent to about $ 1,111,400 in 2024). During

1520-662: A simulcast blues show with KMOD-FM also continued. The next year, Henry's timeslot was moved to afternoons. In 2007, KAKC changed its format to sports, with programming from ESPN Radio . In 2008, Bain Capital and Thomas H. Lee Partners bought Clear Channel Communications for $ 26.7 billion in a leveraged buyout and took the company private. By that time, Clear Channel owned about 850 radio stations plus other media outlets. In 2014, Clear Channel changed their name to iHeartMedia, and in 2018 they filed for Chapter 11 bankruptcy to restructure its $ 20 billion debt that it still owed from

1596-820: A variety of programs to both iHeartMedia-owned and non-iHeartMedia-owned stations. In addition to its own syndication network, iHeartMedia offers studio space and other services to the WestStar TalkRadio Network, which is based at iHeartMedia's studios in Phoenix, Arizona . As a result, many WestStar programs are heard on iHeartMedia stations. Not all programming heard on iHeartMedia's radio stations are produced in house; however, most of iHeartMedia's stations share many similarities to each other in branding and programming. KAKC By day, KAKC transmits 5,000 watts . To protect other stations on 1300 kHz from interference, at night it reduces power to 1,000 watts. It uses

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1672-558: Is carried from co-owned KTOK 1000 AM in Oklahoma City . On weekends, syndicated shows include Our American Stories with Lee Habeeb , Armstrong & Getty , The Weekend with Michael Brown , Somewhere in Time with Art Bell , Gun Talk with Tom Gresham and Sunday Nights with Bill Cunningham . Most hours begin with an update from Fox News Radio . This radio station has changed owners, programming formats, and call signs many times as

1748-551: Is different from Wikidata All article disambiguation pages All disambiguation pages IHeartMedia iHeartMedia, Inc. , or CC Media Holdings, Inc. , is an American mass media corporation headquartered in San Antonio , Texas . It is the holding company of iHeartCommunications, Inc. , formerly Clear Channel Communications, Inc. , a company founded by Lowry Mays and Red McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners in

1824-399: Is played. Big Machine Label Group was announced as the first partner in this scheme. Pittman stated that the arrangement would let "labels and artists participate in the revenue of broadcast radio immediately and in digital radio as it builds". iHeartMedia has purchased stations from or acquired the following radio companies: Clear Channel Outdoor (CCO) is an advertising company that

1900-566: The Golden Gloves amateur boxing tournament, the American Legion birthday party, and the opening week of the 1939 Major League Baseball season . In 1939, the license was modified to allow unlimited broadcasts, not just daytime, with 250 watts. In 1941, with the 1941 enactment of North American Regional Broadcasting Agreement (NARBA), KOME moved to 1340 kHz. In 1947, the frequency changed to 1300 kHz. Note that in 1939, their stated policy

1976-559: The Oklahoma Beer Act of 1933 and only allowed sales of "near beer" (3.2% ABW beer) . Regular beer, wine, and liquor were illegal to sale in stores, bars, restaurants, and other establishments. This was true until Oklahoma passed the Liquor Control Act of 1959. KOME was still affiliated with Mutual Broadcasting System, and the station relayed their programming which included Falstaff beer ads during baseball game broadcasts. As

2052-547: The U.S. Congress relaxed radio ownership rules slightly, allowing the company to acquire more than two stations per market. By 1995, Clear Channel owned 43 radio stations and 16 television stations. When the Telecommunications Act of 1996 became law, the act deregulated media ownership, allowing a company to own more stations than previously allowed. Clear Channel went on a subsequent buying spree, purchasing more than 70 other media companies and individual stations. In

2128-598: The 1930s and the 1940s. Two of the core artists were Hank Williams and Bob Wills . The program often broadcast from the Cain's Ballroom in Tulsa. The show concentrated on the early years of Rock and Roll and had many of the original artists in studio who gave interviews and spoke of their own upbringings. These artists included The Shirelles , Chubby Checker , Chuck Berry , Hank Williams' backup musicians and driver of their tour bus, Roy Orbison , Bo Diddley who in an interview with Spencer Rhodes spoke of his days picking cotton as

2204-585: The Regions division for its largest markets, the Metropolitan division for other major cities, and the Communities division for smaller markets and added a multi-market partnerships unit, and announced the development of centers of excellence that would use technology investments to "provide a better experience for listeners and business partners and a more efficient process for all of its employees". The restructuring

2280-536: The Vertical Real Estate division and hired Scott Quitadamo to promote its tower portfolio. iHeartMedia owns and operates approximately 1,500 broadcast transmission towers across the U.S., many of which are available for co-location by third parties such as cellular and PCS companies, wireless internet, fixed wireless , and other broadcasters. iHeartMedia operates the country's largest syndication service, Premiere Networks . In addition, iHeartMedia syndicates

2356-471: The board of iHeartCommunications and was replaced by Laura A. Grattan, a director at Thomas H. Lee . Grattan was named to the board of managers of iHeartMedia Capital I, LLC, the direct parent of iHeartCommunications, as well as the board of directors of iHeartMedia, Inc., the indirect parent of iHeartCommunications. On November 30, 2017, it was reported that a group of creditors had rejected iHeartMedia's latest debt restructuring proposal, instead bringing out

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2432-472: The board. Later that year, MTV co-founder Robert W. "Bob" Pittman joined the company and would eventually become CEO of CC Media Holdings. In August 2013, Clear Channel sold its minority stake in Sirius XM for $ 135.5 million. This also resulted in the removal of most Clear Channel-programmed stations on the service, besides simulcasts of WHTZ and KIIS-FM . On January 6, 2014, Clear Channel announced

2508-555: The call sign from KXXO to KMOD. The programming changed to Music of Your Life . In 1982, the format and call sign changed again. KMOD became KBBJ, and the format changed to big band and jazz . In 1987, the station's call sign changed again, from KBBJ to KAKC, which ironically was the same call sign used by their former rival (now KCFO ) in 1957. The format was oldies , including a morning show with popular DJs John Henry and Spencer Rhodes that featured County and Western swing and early rock and roll. They featured many artists from

2584-464: The company also filed a proposed initial public offering . iHeartMedia emerged from Chapter 11 bankruptcy in May 2019, with a new board of directors and the spin-out of Clear Channel Outdoor, but maintaining its existing leadership of CEO Bob Pittman and President Rich Bressler. Rather than pursue its IPO (which was estimated to potentially be valued at $ 1.1 billion), iHeartMedia instead received approval for

2660-509: The company assumed from its leveraged buyout. Various media outlets, including Bloomberg News , Reuters , Radio Ink , and iHeartMedia's hometown newspaper the San Antonio Express-News , claimed that either bankruptcy or a major restructuring was likely. On April 20, 2017, the company warned investors that it might not survive over the following 10 months. In 2016, one of the company's directors, Julia B. Donnelly, left

2736-541: The company bought out KITN-TV in Minneapolis / St. Paul from Nationwide Communications , followed in 1994 by the purchase of WXXA-TV in Albany from Heritage Communications, for $ 25.5 million. In 1991, Clear Channel Television jumped into the foray of local marketing agreements , starting in 1991 with WJTC , which Clear Channel operated through a LMA with WPMI , and subsequently later on in 1992, when KASN entered into

2812-467: The company owns more than 860 full-power AM and FM radio stations in the U.S., making it the country's largest owner of radio stations. The company has also been involved in internet radio and podcasting via the digital platform iHeartRadio (from which the company derives its current name). In the past, the company was also involved in live events and out-of-home advertising . The company spun off these businesses in 2005 and 2019 respectively, as

2888-424: The deal would help provide a higher level of national exposure to current and up and coming EDM artists. In September 2014, it was announced that the company would be renamed from Clear Channel Communications to iHeartMedia, alluding to its iHeartRadio platform to reflect the company's growing emphasis on digital media and internet radio . The previous name "Clear Channel" came from AM broadcasting, referring to

2964-532: The death of Robert Smith, the founder of Smith Broadcasting . In 2005, Clear Channel acquired another Salt Lake City television station KUWB from Acme Communications for $ 18.5 million in cash. In 2006, Don Perry was then named president and CEO of Clear Channel Television. Ever that, in the 2000s, Clear Channel began the trend of using legacy callsigns for former radio sisters as new call designated signs for existing Clear Channel TV properties, since it already owned radio stations, although WKRC-TV already used

3040-516: The industry consolidated media ownership into the hands of a smaller number of companies who owned stations nationwide. The current KAKC is not the same as the KAKC in Tulsa from the 1950s through 1980. At that time, the KAKC call sign was used by 970 AM (now KCFO) , a station founded by Sam Avey , a wrestling promotor and owner of the Tulsa Oilers and broadcast from the Tulsa Coliseum until it

3116-610: The inventory will be supplied by KOKI. Later on, in 1994, in Jacksonville, WTEV-TV entered into a local marketing agreement with WAWS , the Clear Channel television station. In 1994, Fox shockingly announced its intentions to purchase WHBQ-TV , which displaced Clear Channel's WPTY-TV as its Fox Memphis affiliate. Also that year, as part of a group deal involving stations acquired by SF Broadcasting, Clear Channel's WPMI-TV in Mobile

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3192-731: The money borrowed during the leveraged buyout. In 2019, iHeartMedia returned as a publicly-traded company. Meanwhile, during this period of restructuring, the station changed programming formats again. In 2015, KAKC became the local network affiliate of CBS Sports Radio . It was the Tulsa radio home for the Oklahoma City Thunder , the Tulsa Roughnecks FC and the Cleveland Browns Radio Network . In 2021, KAKC changed its format from sports to conservative talk, branded as "1300 The Patriot". It began carrying many of

3268-622: The moniker when it was under Clear Channel ownership. In 2002, San Antonio's Clear Channel station KMOL-TV was rebranded to WOAI-TV , the original call letters that station is using from 1948 to 1974, matching up with radio sister WOAI-AM . In 2005, WOKR, the Rochester Clear Channel affiliate was rebranded to WHAM-TV , the original call letters for an unrelated Rochester station WROC-TV from 1948 to 1956, matching up for radio sister WHAM-AM . Also that year, sister station in Syracuse, WIXT

3344-528: The most spins played on radio stations in the United States and Canada . A majority of stations that report to Mediabase are iHeartMedia outlets but other companies also report to the Mediabase charts. In addition, countdown shows produced by Premiere will utilize Mediabase charts for the basis of their programs. Operates urban bicycle sharing systems in several European cities: In 2003, Clear Channel created

3420-804: The new satellite radio service XM Satellite Radio , giving it the rights to program a selection of stations on the service (which would be drawn from some of its stations and syndicated output). In 2000, Clear Channel acquired Robert F. X. Sillerman 's SFX Entertainment, a concert promoter that had focused on consolidation of regional promoters under a national operation. In 2005, Clear Channel spun off its entertainment and live events business as Live Nation . On November 16, 2006, Clear Channel announced plans to go private, being bought out by two private-equity firms, Thomas H. Lee Partners and Bain Capital Partners for $ 26.7 billion, which included their assumption of $ 8 billion in Clear Channel debt. This

3496-403: The number-two group owner, Audacy . In June 2012, the company announced that it would become the first U.S. radio group to partner with record labels to pay performance royalties directly to labels and musicians (in addition to songwriters and producers). The royalties are paid via revenue sharing for advertising across platforms (including digital), rather than a flat payment each time a song

3572-401: The other six were flipped to other buyers by Newport. In 2012 to mid-2013, Newport sold off all of its holdings to several other television groups, including Cox Media Group , Nexstar Media Group , and Sinclair Broadcast Group . Stations are arranged alphabetically by state and by city of license . iHeartMedia owns Mediabase , which provide music charts based on songs and tracks receiving

3648-676: The present-day Live Nation Entertainment and Clear Channel Outdoor . Clear Channel Communications purchased its first FM station in San Antonio, Texas in 1972. The company purchased the second "clear channel" AM station WOAI in 1975. In 1976, the company purchased its first stations outside of San Antonio. KXXO (now KAKC ) and KMOD-FM in Tulsa were acquired under the name "San Antonio Broadcasting" (same as KEEZ). Stations were also added in Port Arthur, Texas (KPAC-AM-FM, now KDEI and KTJM , from Port Arthur College ), and El Paso, Texas (KELP, now KQBU ) from John Walton Jr. In 1992,

3724-745: The president of Clear Channel Television, replacing Rioridan. In 2001, after acquiring the stations of Chris-Craft Industries , Fox Television Stations traded WFTC to Clear Channel Television for Fox's own TV stations KMOL-TV in San Antonio and KTVX in Salt Lake City . In 2002, Clear Channel acquired Ackerley Group , which incorporated its television holdings into the Clear Channel Television portfolio. Also that year, Clear Channel sold KTTU in Tucson to Belo outright. In 2003, Clear Channel announced that they would sell WUTR to Mission Broadcasting . In 2004, Clear Channel bought WETM outright after

3800-502: The provider of a programmatic advertising platform for radio stations. In January 2019, the U.S. Bankruptcy Court for the Southern District of Texas approved a creditor-supported plan for iHeartMedia to exit bankruptcy, which would reduce the company's debt from $ 16.1 billion to $ 5.75 billion. The plan included the spin-out of iHeartMedia's 89.1% stake in its out-of-home advertising division Clear Channel Outdoor . In April 2019,

3876-423: The same term [REDACTED] This disambiguation page lists articles associated with the title Clear channel . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Clear_channel&oldid=1227793996 " Category : Disambiguation pages Hidden categories: Short description

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3952-611: The short period of this new ownership, KOME attracted attention with various stunts. For example, the station sent homing pigeons to advertising executives asking for orders. They hired a helicopter to drop toy dogs around Tulsa for a listener contest. Rocky Frisco road his bicycle 500 miles to interview Elvis Presley and get his autograph on the bicycle, which they gave to a listener. Kluge and Austad sold KOME and three other stations they'd bought earlier ( KXLW St. Louis, WINE Buffalo, WEEP Pittsburgh) when they bought Metromedia . In 1958, Charles W. Holt and his associates bought

4028-648: The station as part of an effort to create an endowment for his school. At the time of purchase, the University was already running two other radio stations: KUOA in Siloam Springs, Arkansas was a student-run station on the university campus, and KGER in Long Beach, California was part of the endowment effort. The station and its new owner entered into controversy with an early decision: they would not air advertisements for beer or other alcoholic beverages. Part of this

4104-573: The station from Charlie Holt for $ 315,000 (equivalent to about $ 3,324,000 in 2024), which included paying Holt $ 15,000 consultant fee for three years. Franklin Broadcasting was publicly traded company owned primarily by William F. (Bill) Johns Jr., and they controlled many other stations including at this time WMIN St. Paul, WLOD Pompano Beach, and KRIB Mason City, WYFE New Orleans. In 1962, Franklin Broadcasting merged with Radio Concepts Inc. of New York, which created and sold radio advertising and promotional items. Although Radio Concepts worked as

4180-527: The station from Kluge and Austad for more than $ 250,000 (equivalent to about $ 2,700,000 in 2024). Holt owned several radio stations, primarily in the South; when he bought KOME, he also owned WHSY Hattiesburg, WHNY McComb, WHXY Bogalusa, and WHHY Montgomery. In 1959, KOME became an affiliate of the ABC Radio Network to air hourly 5-minute segments of global news. In 1960, Franklin Broadcasting bought

4256-423: The stock. Chancellor Media later became AMFM Inc., which was acquired by Clear Channel in a deal announced October 3, 1999, and valued at $ 17.4 billion. The resulting company would own 830 radio stations, 19 television stations, and over 425,000 outdoor displays in 32 countries. In 1999, the company acquired Jacor Communications , a radio corporation based in Cincinnati . The company also made an investment in

4332-640: The termination date of the buyout from December 12, 2007, to June 12, 2008. On July 24, 2008, Clear Channel held a special shareholder meeting, during which the majority of shareholders accepted a revised $ 36-per-share offer from Bain Capital and Thomas H. Lee Partners , revaluing the deal at $ 17.9 billion plus debt. Shareholders received either $ 36 in cash, or one share of CC Media Class A common stock for each share of Clear Channel common stock held. The company announced that it would move to more centralized programming and lay off 1,500 employees, or approximately 7% of its workforce, on January 20, 2009. The reasoning

4408-522: The third-largest radio group by income. A year later, Chancellor Media Corporation and Capstar Broadcasting Corporation announced a merger that would result in Chancellor Media owning 463 stations in 105 markets when the deal was completed in second quarter 1999. Hicks, Muse, Tate & Furst owned 59 percent of Capstar, with 355 stations in 83 markets, and was the largest single owner of Chancellor (which had 108 stations in 22 markets), with 15 percent of

4484-412: Was "no liquor advertising", and that was not uncommon: A 1939 annual listing of radio stations had 110 stations limiting or refusing alcohol-related advertisements. This would be a controversial issue with the next station owner. In 1951, John Brown University bought the station from Oil Capital Sales for $ 200,000 (equivalent to about $ 2,387,000 in 2024). John Elward Brown, the school's founder, bought

4560-659: Was accompanied by a major round of layoffs and displacements, with a large number of staff members and on-air personalities impacted. iHeartMedia has purchased interest in, or outright acquired, companies in a number of media or advertising related industries. This is not an exhaustive list. With 855 stations, iHeartMedia is the largest radio station group owner in the United States, both by number of stations and by revenue. The 855 stations reach more than 110 million listeners every week, and 276 million every month. According to BIA Financial Network, iHeartMedia recorded more than $ 3.5 billion in revenues as of 2021 , $ 1 billion more than

4636-481: Was advertisers' target audience. In June 1973, Mays and his partners also bought WOAI (AM) in San Antonio, a clear-channel station . They did this with a new company named Clear Channel Communications . For a while, this new company would operate separately from San Antonio Broadcasting. However, in 1979, they would merge the two companies, transfer KXXO's license to Clear Channel Communications, and in 1980 change

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4712-450: Was because Brown was a Methodist and evangelist, part of it was because the university was a Christian one where alcohol was also forbidden, and part of it was because they were marketing their three radio stations as wholesome "stations of the American home". Also, Oklahoma was still "dry" . When federal Prohibition ended in 1933, Oklahoma did not end it in their state. Instead, they passed

4788-425: Was bleak economic conditions and debt from its transition to a private company. By the completion of the restructuring in May 2009, a total of 2,440 positions were eliminated. In early 2010, it was announced that the company was facing the possibility of bankruptcy due to its "crippling debt". After 21 years, Mark Mays stepped down as president and CEO of Clear Channel on June 23, 2010. Mays remained as chairman of

4864-476: Was buying other Franklin Broadcasting stations such as WWOM New Orleans, and buying KVIM New Iberia with attorney Fred P. Westenberger, with a company portmanteau of their names: Wagenwest Inc. Within two years, KOME was reportedly owned by Wagenwest. In 1968, Tracy-Locke bought KOME from Wagenvoord. Tracy-Locke is a Dallas-based advertising agency, and Morris L. Hite was the company president. Tracy-Locke created two subsidiary companies, each of which bought

4940-681: Was destroyed in the 1952 fire. The station signed on the air in 1938, broadcasting at 1310 kHz with 250 watts power. It was a network affiliate of the Mutual Broadcasting System . Their slogan, playing on the KOME call sign, was "Kovers Oklahoma's Magic Empire", creating a backronym by misspelling "covers" as "kovers". Tulsa was known as the "Magic Empire" originally because the Tulsa Daily World's circulation department referred to their circulation area with this phrase. The station

5016-677: Was failing financially and another Tulsa-based station owned by Tracy-Locke ( KMOD-FM ) had been off the air for a year and was in bankruptcy. Investment banker Lowry Mays and auto magnate Red McCombs had recently formed the San Antonio Broadcasting company, and bought another failing radio station ( KEEZ (FM) in Texas. They bought the two Tulsa stations for relatively little money—KCNW for $ 665,000 (equivalent to about $ 4,700,000 in 2024) and KMOD for $ 85,000 (equivalent to about $ 613,500 in 2024). They changed KCNW's call sign to KXXO. It became

5092-682: Was followed on July 3 of that year with the purchase of Fox affiliate WAWS-TV in Jacksonville, Florida , from Malrite Communications Group , for $ 8.1 million. Eventually over time, Clear Channel Television became the second-largest independent television group, behind Sinclair Broadcast Group . In 1990, Clear Channel bought out its fifth television station, KSAS-TV in Wichita, Kansas , for $ 7.9 million. In 1991, Clear Channel bought out KLRT-TV in Little Rock, Arkansas for $ 6.6 million. In 1992, Clear Channel bought out WPTY-TV in Memphis from Chase Communications for $ 21 million. Later on in 1993,

5168-492: Was initially headed by J. Daniel Sullivan, who set up as president of Clear Channel's television division. The group made its beginnings when the first television station iHeartMedia purchased as Clear Channel was WPMI in Mobile , Alabama in 1988. Later that year, Clear Channel Communications bought out KDTU-TV in Tucson, Arizona , which became Clear Channel's second television station. On March 13, 1989, Clear Channel Television bought out KOKI-TV for $ 6.5 million. This

5244-430: Was just under a 10 percent premium above its closing price of $ 35.36 a share on November 16: the deal valued Clear Channel at $ 37.60 per share. In a separate transaction also announced on November 16, 2006, Clear Channel said it would seek buyers for all of its television stations and 539 of its smaller radio stations, because the private-equity buyers were not interested in owning television or small-market radio. Over

5320-560: Was on Christmas Day and included 'special programs from New York City, Chicago, and Oklahoma City and featured Bob Wills and his Texas Playboys , Governor E.W. Marland , Jimmie Wilson and his Catfish String Band, and the Pioneer Mother's Chorus.' At first, the station's license only allowed daytime broadcasts, but they received special permission to air in the evenings for New Year's celebrations, President Franklin D. Roosevelt 's 1939 President's Birthday Ball to fight infantile paralysis,

5396-470: Was previously owned by iHeartMedia. In May 2019, it was spun out from iHeartMedia as part of its exit from bankruptcy. Clear Channel Television is a defunct television broadcaster and a former subsidiary of the group that was in operation, for nearly 20 years, from 1988 to 2008. It owned more than 40 stations, most of them were from the Big Six networks, a few of which are independent (non-network affiliates). It

5472-529: Was rebranded to WSYR-TV , the original call letters for WSTM-TV from 1950 to 1980, matching up for radio sister WSYR-AM . In 2007, the company entered into an agreement to sell all its television stations to Providence Equity Partners for $ 1.2 billion, a deal that eventually closed in March 2008. Earlier that year, Don Perry left as president and CEO of Clear Channel Television. All former Clear Channel television stations were owned by Newport Television , while

5548-454: Was rejected by the equity firm backing the deal. The deal then shifted to Frequency License LLC, but took longer to resolve itself as the two parties were engaged in lawsuits. On top of that, the sale of Clear Channel's television portfolio to Newport Television had also turned uncertain, as Providence considered other options, although this transaction was ultimately completed. On December 4, 2007, Clear Channel announced that they had extended

5624-552: Was set to be displaced as Mobile's Fox affiliate by WALA-TV as part of a three-station deal with the other Burnham stations. These moves didn't sit well for Clear Channel Television, whose president Dan Sullivan thought they wanted to affiliate it with the ousted networks, including NBC in Mobile, and ABC in Memphis. In 1995, Clear Channel purchased its first Big Three network affiliate, WHP-TV in Harrisburg , for $ 30 million. It

5700-596: Was started by Harry Schwartz, who also was the president of the Tulsa Federation of Labor, and a business manager for the union's monthly paper, the Unionist Journal . Schwartz created the Oil Capital Sales Corporation business name to run the station and he owned 98% of its stock; in addition to being called the "Magic Empire," Tulsa also was often called the "Oil Capital". The first KOME broadcast

5776-721: Was subsequently followed it up when Gateway Communications, owners of WLYH-TV entered into a LMA with Clear Channel's WHP-TV . Later on that year, J. Dan Sullivan left Clear Channel Television to start out Sullivan Broadcasting to acquire the Act III Broadcasting stations. He was then succeeded by Rip Rioridan as president. In 1996, it bought out WPRI-TV in Providence from CBS , which CBS did not keep due to slight signal overlap with WBZ-TV in Boston . Also that year, Argyle Television Holdings II , who owned WNAC-TV entered into

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