Thursday, May 13, 2010

Will CC's "The Sound" become Classic 100.3?

Secret Squirrel sniffs this one out ...

Clear Channel is very close to selling/donating 100.3 to one of the groups that tried to stop the KFUO transfer. From what I can figure out, they will sell it at a greatly reduced price "as is" but DONATE the CP and related work (which evidently isn't much) to move the Xmtr to the Page site. So they get some money and a nice fat tax writeoff since the Friends or whatever the group is called is a non-profit. Its a double win for Clear Channel, triple if you consider that The Sound is a complete failure. All of this is being done with San Antonio because of the complex nature of the deal, but it could be done by July 4th.

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