|Federal Communications Commission
1919 - M Street, N.W.
Washington, D.C. 20554
|News media information 202 / 418-0500
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This is an unofficial announcement of Commission action. Release of the full text of a Commission order constitutes official action. See MCI v. FCC. 515 F 2d 385 (D.C. Circ 1974).
|February 16, 1999|
STATEMENT OF FCC CHAIRMAN WILLIAM KENNARD
I am encouraged to learn that Clear Channel Communications and Jacor Communications
have agreed to sell nine radio stations to three minority-owned companies as part of the proposed
Jacor/Clear Channel merger.|
On many occasions I have urged the broadcast industry to make greater efforts to expand minority ownership in the broadcast industry, which has declined in recent years.
While I have not reviewed the full details of these particular transactions and cannot comment on the specifics of the pending merger, I do want to commend these companies for their commitment to seeking out minority broadcasters as potential buyers and for their willingness to step forward and offer new station ownership opportunities to minority companies.
I believe that the broadcast industry contributes to a stronger democracy when it takes steps to ensure all of our people have opportunities to become broadcast owners.