Chancellor Media to own seven local radio stations

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Evergreen Media Corporation is buying Dallas-based Chancellor Broadcasting Company and Viacom's ten radio stations for a total of $1.76 billion dollars. Chancellor owns seven Twin Cities radio stations. They are KFAN-AM, WBOB-FM, KEEY-FM, KTCZ-FM, KTCJ-AM, KDWB-FM and KQQL-FM. Once the deals are completed, the new company will be known as Chancellor Media Corporation. It will own 103 radio stations in 21 major markets. Tom Taylor, who edits "Inside Radio", a radio industry newsletter, says listeners won't be likely to notice the difference right away and he says it's the next logical step in a recent pattern.

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Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

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