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CBS RADIO today
announced it has completed its deal with Clear Channel Communications, Inc. to
swap five mid-size market radio stations for two large market stations, moving
forward in its strategy of divesting mid-size market stations to focus on large
markets.
 

In the trade, Clear
Channel has obtained CBS RADIO’s KBKS-FM (Seattle),
WQSR-FM (Baltimore), KXJM-FM and KLTH-FM (Portland, Ore.), and
KQJK-FM (Sacramento, Calif.). 
In return, CBS RADIO has acquired two stations in Houston, the country’s 6th-largest radio
market, KLOL-FM (Mega 101.1) and KHMX-FM (Mix 96.5).
 
 

About CBS Corporation
CBS Corporation (NYSE: CBS.A and
CBS) is a mass media company with constituent parts that reach back to the
beginnings of the broadcast industry, as well as newer businesses that operate
on the leading edge of the media industry. The Company, through its many and
varied operations, combines broad reach with well-positioned local businesses,
all of which provide it with an extensive distribution network by which it
serves audiences and advertisers in all 50 states and key international
markets. It has operations in virtually every field of media and entertainment,
including broadcast television (CBS and The CW – a joint venture between CBS
Corporation and Warner Bros. Entertainment), cable television (Showtime and CBS
College Sports Network), local television (CBS Television Stations), television
production and syndication (CBS Paramount Network Television and CBS Television
Distribution), radio (CBS Radio), advertising on out-of-home media (CBS
Outdoor), publishing (Simon & Schuster), interactive media (CBS
Interactive), music (CBS Records), licensing and merchandising (CBS Consumer
Products), video/DVD (CBS Home Entertainment), in-store media (CBS Outernet)
and motion pictures (CBS Films). For more information, log on to www.cbscorporation.com.
 

About CBS RADIO
CBS RADIO, one of the largest
major-market operators in the United
States with stations covering news, sports,
talk, rock, oldies, country, adult contemporary and urban formats, among
others, offers audiences an enhanced and customized listening experience
through the combination of on-air, online and new media platforms.  CBS RADIO operates 134 radio stations
throughout the nation’s top 50 markets and broadcasts play-by-play coverage of
26 of the country’s leading professional sports franchises.  CBS RADIO also has embraced interactive programming
through the use of streaming, HD Radio, podcasts and mobile messaging.  The division maintains exclusive agreements with AOL and
Yahoo through which CBS RADIO powers AOL Radio and LAUNCHcast, respectively,
and distributes its stations to their network of listeners.  Home to the nation’s most listened to news
(1010 WINS), sports (WFAN-AM), rock (KROQ-FM) and country (WUSN-FM) stations,
CBS RADIO is a division of CBS Corporation. For more information on CBS RADIO,
please visit www.cbsradio.com.