NorthEast Radio Watch BULLETIN 4/18: Knight Is Sold

[fybush@world.std.com (Scott D Fybush)]

*After nearly four decades of family ownership, Knight Quality 
Broadcasting is being sold to Capstar for $70 million.  Capstar
enters New England radio in a big way -- it gets WTAG (580) and 
WSRS (96.1) in Worcester MA, WGIR AM/FM (610/101.1) in Manchester NH,
WHEB (100.3), WXHT (95.3 York Center ME), and WTMN (1380) in
Portsmouth NH, and WEZF (92.9) in Burlington VT.

Patriarch Norman Knight had transferred the stations to his 
children last year; INSIDE RADIO reports they'll join Capstar's
management team once the deal closes.

Capstar is already saying it will be making more acquisitions in
New England in the near future.  We'll keep you posted.

- -=Scott Fybush - fybush@world.std.com=-

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