Radio And Tower Industry Consolidator Steve Dodge Dead At 73. | Story | insideradio.com
Don
astelle.donald@gmail.com
Mon Jan 21 13:05:09 EST 2019
Given that he was based in Boston, I thought I would pass this along...
http://www.insideradio.com/free/radio-and-tower-industry-consolidator-steve-dodge-dead-at/article_cc105740-1b58-11e9-ac40-e7c1c730c1ca.html
In the late 1980s, Dodge formed Atlantic Radio, which merged with Tom Stoner's
Stoner Broadcasting and David Pearlman's Multi Market Communications in 1993
to form American Radio Systems. Beginning with 16 stations in seven markets,
Dodge seized on the opportunity afforded by passage of the Telecom Act of
1996 to grow ARS into radio's fourth-largest company. ARS became a major
radio consolidator, rolling up 96 stations centered in markets 10-50,
including Boston; Charlotte; Portland, OR; St. Louis; Pittsburgh; Seattle;
Sacramento; Buffalo; Rochester, NY; and Hartford. In 1998, ARS was sold to
CBS Corp. for $2.6 billion, a then-record price in the radio industry,
giving CBS a total of 175 radio stations, making it, at the time, the
industry's largest station owner.
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