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Re: jel2maine post# 4577

Thursday, 09/26/2013 1:32:55 PM

Thursday, September 26, 2013 1:32:55 PM

Post# of 4759
http://en.wikipedia.org/wiki/Holding_company

Broadcasting
Further information: Media conglomerate

In US broadcasting, many major media conglomerates have purchased smaller broadcasters outright, but have not changed the broadcast licenses to reflect this, resulting in stations that are (for example) still licensed to Jacor and Citicasters, effectively making them such as subsidiary companies of their owner Clear Channel Communications. This is sometimes done on a per-market basis; for example in Atlanta both WNNX and later WWWQ are licensed to "WNNX LiCo, Inc." (LiCo meaning "license company"), both owned by Susquehanna Radio (which was later sold to Cumulus Media). In determining caps to prevent excessive concentration of media ownership, all of these are attributed to the parent company, as are leased stations, as a matter of broadcast regulation

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