[HCDX]: GLOBAL BROADCASTING: 1660 WJDM sold

[Piet Pijpers <Piet.Pypers@xxxxxxxxxx>]

>>From wlio.com!n0jio@xxxxxxxxxx  Sat Jan 10 09:24:01 1998
>Return-Path: <wlio.com!n0jio@xxxxxxxxxx>
>From: n0jio@xxxxxxxxxx
>Organization: WLIO Television
>Date: Sat, 10 Jan 98 03:00:51 -0500
>Subject: GLOBAL BROADCASTING
>To: Piet.Pypers@xxxxxxxxxx
>Reply-To: dxas@xxxxxxxx
>Errors-To: sysop@xxxxxxxx
>
>Hopefully, you've not seen the following.
>Shareholders approve sale of radio stations to Global Broadcasting
>
>MINNEAPOLIS (AP) -- Children's Broadcasting Corp. announced Wednesday
>that
>its shareholders have approved the $72.5 million sale of all 13 of the
>company's radio stations to Global Broadcasting Co.
>
>"All requirements have now been met and we look forward to closing the
>sale
>of the stations later this month," said Christopher Dahl, CBC chairman
>and
>chief executive.
>
>The company, which has produced children's programming under the name
>Radio
>Aahs, announced the sale last June, saying it was triggered by
>competition
>from Walt Disney Co. and its >>ABC<< Radio unit.
>
>The stations being sold are: WJDM-AM 1660 in New York; KPLS-AM 830 in
>Los
>Angeles; WAUR-AM 930 in >>Chicago<<; WPWA-AM 1590 in Philadelphia;
>WCAR-AM
>1090 in Detroit; KAHZ-AM 1360 in Dallas/Fort Worth; WWTC-AM 1280 in
>Minneapolis; KIDR-AM 740 in Phoenix; KKYD-AM 1340 in Denver; KMUS-AM
>1380
>in Tulsa, Okla; KTEK-AM 1110 in Houston; WZER-AM 540 in Milwaukee; and
>KYCR-AM 1570 in Minneapolis.
>
>At the time the sale was announced, CBC said it would continue to serve
>its
>network of 30 radio station affiliates. However, the company notified
>the
>stations in November that it would end distribution of its Aahs World
>Radio
>programming after Jan. 30.
>
>That leaves CBC with a 40.7 percent stake in Los Angeles-based Harmony
>Holdings Inc., which produces television commercials and music videos,
>and
>its expertise in producing children's radio shows. Dahl has said the
>company will continue to make shows for syndication and sale to
>individual
>stations and plans to expand Harmony's animation division.
>
>-- 
>                    BILL K.
>                N0JIO@xxxxxxxxxx
>              OR YOU MAY ALSO WRITE
>                BILLSCOT@xxxxxxxx
>
>
------------------------------------------------------------------------
This is a message from Piet Pijpers <Piet.Pypers@xxxxxxxxxx>
to hard-core-dx@xxxxxxxxxx list. To unsubscribe the list, send
"unsubscribe hard-core-dx" in mail body to majordomo@xxxxxxxxxxx
For more information, please check http://www.iki.fi/rko/hard-core-dx/
or email Risto Kotalampi, rko@xxxxxxx
------------------------------------------------------------------------