Interesting. I had heard CC was in debt up to their eyeballs, and was in no position to buy any more stations.
And that Disney was holding out for a laughably unrealistic price.
Clear Channel is highly leveraged and a deck of cards waiting to collapse by all indications. I doubt they have the cash to pick up another station, especially in market #25. There have to be 45 stations for a company to own 8 stations (no more than 5 of the 8 being FM or AM). They currently own 5 FM and 1 AM so they could technically do it. It is possible though that they may be desperate to keep Rush from going back to KDKA which would probably put them back to #1. Everything Clear Channel does in Pittsburgh is designed to keep DVE on top so that they can charge the highest ad $. They really don’t do this by making DVE better, just by making sure that everything else in the market stays stale by comparison. Gotta love those new FCC rules.