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Hicks closes in on 200. (Tom Hicks will control nearly 200 radio stations after latest Capstar Broadcasting Partners acquisition)
From:
Broadcasting & Cable
| Date:
January 20, 1997| Author:
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Latest move is purchase of 32 Benchmark outlets
Tom Hicks seems intent on taking over the country's radio stations. Last week, the chairman of Hicks, Muse, Tate & Furst Inc. (and ultimate owner of Capstar Broadcasting Partners) said Capstar is buying 32 midsize radio stations from Benchmark Communications for about $173 million (see "Changing Hands," page 42).
Including Hicks's involvement in various other companies, the broadcaster controls-- r will control--196 1/2 radio stations, according to BROADCASTING & CABLE'S count. (The 1/2 is 50% interest in a Florida FM.)
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