Clearly, its Clear Channel

Compiled by Elizabeth A. Rathbun -- Broadcasting & Cable, 9/17/2000 8:00:00 PM

Clear Channel Communications has shattered a previously unimaginable ceiling: owning more than 1,000 of the nation's commercial radio stations. And the group generated an estimated $3.1 billion in 1999. That accounts for nearly 20% of the $16 billion in total radio revenue for the year and makes the company No. 1 on Broadcasting & Cable's annual list of the Top 25 Radio Groups, compiled by BIA Research.

Besides confirming Clear Channel's radio supremacy, the list testifies to the rapid consolidcation of radio. The Top 25 controlled just 7.3% of all stations a scant four years ago. Then, of course, came the deregulation of 1996 and the station feeding frenzy. Digest this: The Top 25 now control 23.4% of all stations (2,471 of 10,549) and 57% of all revenue ($9.16 billion of $16 billion).

Clear Channel rose to the top slot because of its $23.8 billion acquisition of AMFM, which was No. 1 in '99. That deal and several others made room for five new entries: Entravision, Nassau, Inner City, Regent and Barnstable.

The following ranks the groups by estimated 1999 revenue. Their AM and FM holdings as of Aug. 22 are listed by Arbitron market.

TOP 25 RADIO GROUPS

1	Clear Channel	$3.1 B (1)
2	Infinity	$2.1B (2)
3	ABC Radio	$406.9M (4)
4	Cox Radio	$385.2M (6)
5	Entercom	$358.6M (5)
6	Citadel	$319.5M (9)
7	Emmis	$244.4M (11)
8	Cumulus	$239.1M (8)
9	Radio One	$233M (16)
10	Susquehanna	$221.6M (10)
11	Hispanic	$214.6M (7)
12	Bonneville	$173.5M (12)
13	Spanish	$138.7M (15)
14	Jefferson-Pilot	$133.4M (17)
15	Greater Media	$122M (14)
16	Beasley	$118.6M (17)
17	Saga	$94.1M (18)
18	Journal	$70.4M (19)
19	Entravision	$67.2M (*)
20	Tribune	$60.8M (20)
21	Nassau	$59.7M (*)
22	Inner City	$57.35M (*)
23	Sandusky	$56M (21)
24	Regent	$52M (*)
25	Barnstable	$50.4M (*)
Last year's ranking in parenthesis
*New to list
Sources: BIA Research and
Broadcasting & Cable

Radio stars

1. Clear Channel Communications Inc.

(NYSE: CCU)

$3.14 billion

1,018 stations

(327 AMs, 691 FMs)

200 E. Basse Rd., San Antonio, Texas 78209

(210) 822-2828

www.clearchannel.com

L. Lowry Mays, CEO

Thomas O. Hicks, director/10% owner (with Hicks, Muse, Tate & Furst Inc.)

Randy Michaels, chairman/CEO, Clear Channel Radio

Kenneth J. O'Keefe, president/COO, Clear Channel Radio

New York (1):.... 5 FMs

Los Angeles (2): .... 4 AMs, 6 FMs

Chicago (3): .... 1 AM, 5 FMs

San Francisco (4):.... 2 AMs, 5 FMs

Philadelphia (5):.... 1 AM, 5 FMs

Dallas/Ft. Worth (6):.... 5 FMs

Detroit (7):.... 2 AMs, 5 FMs

Boston (8):.... 1 AM, 2 FMs

Washington (9):.... 3 AMs, 5 FMs

Houston/Galveston (10):.... 3 AMs, 6 FMs

Atlanta (11):.... 2 AMs, 4 FMs

Miami/Ft. Lauderdale (12):.... 3 AMs, 5 FMs

San Diego (15): .... 3 AMs, 7 FMs

Phoenix (16):.... 3 AMs, 5 FMs

Minneapolis/St. Paul (17):.... 2 AMs, 5 FMs

Nassau/Suffolk, N.Y. (18):.... 1 AM, 1 FM

St. Louis (19):.... 1 AM, 5 FMs

Baltimore (20):.... 1 AM, 2 FMs

Tampa/St. Petersburg, Fla. (21):.... 3 AMs, 5 FMs

Pittsburgh (22):.... 1 AM, 5 FMs

Denver/Boulder (23):.... 4 AMs, 5 FMs

Cleveland (24):.... 1 AM, 5 FMs

Portland, Ore. (25):.... 2 AMs, 2 FMs

Cincinnati (26):.... 4 AMs, 4 FMs

San Jose, Calif. (27):.... 2 FMs

Riverside/San Bernardino, Calif. (28):.... 3 AMs, 1 FM

Sacramento, Calif. (29):.... 2 AMs, 2 FMs

Milwaukee/Racine, Wis. (31):.... 2 AMs, 4 FMs

San Antonio (32):.... 3 AMs, 4 FMs

Providence/Warwick, R.I. (33):.... 1 AM, 3 FMs

Columbus, Ohio (34):.... 2 AMs, 3 FMs

Salt Lake City/Ogden (35):.... 3 AMs, 5 FMs

Norfolk/Va. Beach, Va. (36):.... 4 FMs

Charlotte/Gastonia/Rock Hill, N.C. (37):.... 4 FMs

Indianapolis (38):.... 1 AM, 2 FMs

Orlando Fla. (39): .... 2 AMs, 5 FMs

Las Vegas (40):.... 4 FMs

New Orleans (41):.... 2 AMs, 5 FMs

Greensboro/Winston-Salem, N.C. (42):.... 4 FMs

Nashville (43):.... 1 AM, 4 FMs

Hartford/New Britain, Conn. (44):.... 1 AM, 4 FMs

Memphis, Tenn. (46):.... 3 AMs, 4 FMs

Raleigh/Durham, N.C. (48):.... 1 AM, 4 FMs

Austin, Texas (49):.... 1 AM, 5 FMs

W. Palm Beach/Boca Raton, Fla. (50):.... 5 AMs, 7 FMs

Jacksonville, Fla. (51):.... 3 AMs, 6 FMs

Rochester, N.Y. (52):.... 2 AMs, 5 FMs

Louisville, Ky. (53):.... 3 AMs, 5 FMs

Oklahoma City (54):.... 3 AMs, 4 FMs

Birmingham, Ala. (55):.... 2 AMs, 5 FMs

Dayton, Ohio (56):.... 2 AMs, 6 FMs

Richmond, Va. (57):.... 2 AMs, 4 FMs

Greenville/Spartanburg, S.C. (58):.... 1 AM, 3 FMs

Albany/Schenectady/Troy, N.Y. (59):.... 2 AMs, 5 FMs

Honolulu (60):.... 3 AMs, 4 FMs

Tucson (61):.... 2 AMs, 2 FMs

Tulsa, Okla. (62):.... 2 AMs, 4 FMs

McAllen/Brownsville, Texas (63):.... 2 FMs

Fresno, Calif. (65):..../> 2 AMs, 6 FMs

Grand Rapids, Mich. (66):.... 2 AMs, 5 FMs

Allentown/Bethelem, Pa. (67):.... 2AMs, 2 FMs

Akron, Ohio (68):.... 1 AM, 1 FM

El Paso, Texas (70):.... 2 AMs, 3 FMs

Ft. Myers/Naples, Fla. (71):.... 2 AMs, 6 FMs

Albuquerque, N.M. (72):.... 2 AMs, 6 FMs

Omaha/Council Bluffs, Neb. (73):.... 1 AM, 3 FMs

Monterey/Salinas, Calif. (74):.... 2 AMs, 4 FMs

Syracuse, N.Y. (75):.... 2 AMs, 5 FMs

Wilmington, Del. (76):.... 2 AMs, 2 FMs

Harrisburg/Lebanon/Carlisle, Pa. (77):.... 3 AMs, 3 FMs

Sarasota/Bradenton, Fla. (78):.... 2 AMs, 4 FMs

Toledo, Ohio (79):.... 2 AMs, 4 FMs

Springfield, Mass. (80):.... 2 AMs, 2 FMs

Baton Rouge, La. (82):.... 3 AMs, 3 FMs

Little Rock, Ark. (83):.... 5 FMs

Wichita, Kan. (84):.... 4 FMs

Stockton, Calif. (85):.... 1 AM, 1 FM

Charleston, S.C. (87):.... 1 AM, 5 FMs

Mobile, Ala. (88):.... 2 AMs, 4 FMs

Columbia, S.C. (89):.... 2 AMs, 4 FMs

Spokane, Wash. (91):.... 2 AMs, 4 FMs

Des Moines, Iowa (92):.... 3 AMs, 4 FMs

Colorado Springs, Colo. (94):.... 3 FMs

Melbourne/Titusville/Cocoa, Fla. (95):.... 2 AMs, 2 FMs

Youngstown/Warren, Ohio (97):.... 4 AMs, 6 FMs

New Haven, Conn. (102):.... 2 AMs, 1 FM

Chattagnooga, Tenn. (104):.... 1 AM, 4 FMs

Roanoke/Lynchburg, Va. (105):.... 2 AMs, 7 FMs

Lexington/Fayette, Ky. (106):.... 2 AMs, 4 FMs

Visalia/Tulare/Hanford, Calif. (107):.... 1 AM

Huntsville, Ala. (109):.... 2 AMs, 5 FMs

Worcester, Mass. (110):.... 1 AM, 1 FM

Lancaster, Pa. (111):.... 1 AM, 1 FM

Ft. Pierce/Stuart/Vero Beach, Fla. (116):.... 2 AMs, 3 FMs

Portsmouth/Dover, N.H. (117):.... 3 AMs, 4 FMs

Jackson, Miss. (118):.... 3 AMs, 5 FMs

Madison, Wis. (120):.... 2 AMs, 4 FMs

Pensacola, Fla. (121):.... 3 FMs

Modesto, Calif. (122):.... 1 AM, 3 FMs

Boise, Idaho (124): .... 2 AMs, 4 FMs

Beaumont/Port Arthur, Texas (127):.... 1 AM, 3 FMs

Corpus Christi, Texas (129):.... 2 AMs, 4 FMs

Shreveport, La. (130):.... 2 AMs, 4 FMs

Reading, Pa. (131):.... 1 AM, 1 FM

Ft. Collins/Greeley, Colo. (132):.... 2 AMs, 2 FMs

Tyler/Longview, Texas (140):.... 1 AM, 4 FMs

Newburgh/Middletown, N.Y. (141):.... 1 AM, 1 FM

Montgomery, Ala. (142):.... 3 FMs

Huntington, W.Va./Ashland, Ky. (144):.... 5 AMs, 5 FMs

Ann Arbor, Mich. (145):.... 2 AMs, 2FMs

Springfield, Mo. (146):.... 1 AM, 4 FMs

Killeen/Temple, Texas (149):.... 2 FMs

Salisbury/Ocean City, Md. (150):.... 2 AMs, 6 FMs

Utica/Rome, N.Y. (151):.... 3 AMs, 3 FMs

Evansville, Ind. (152):.... 1 AM, 3 FMs

Savannah, Ga. (154):.... 2 AMs, 4 FMs

Fayetteville, Ark. (155):.... 4 FMs

Poughkeepsie, N.Y. (157):.... 2 AMs, 5 FMs

Tallahassee, Fla. (159):.... 1 AM, 4 FMs

San Luis Obispo, Calif. (165):.... 1 AM

Binghamton, N.Y. (166):.... 2 AMs, 4 FMs

Anchorage, Alaska (168):.... 2 AMs, 4 FMs

Columbus, Ga. (169):.... 3 AMs, 5 FMs

Johnstown, Pa. (170):.... 1 AM, 1 FM

Ft. Smith, Ark. (171):.... 1 AM, 3 FMs

Lincoln, Neb. (172):.... 4 FMs

Odessa/Midland, Texas (174):.... 1 AM, 4 FMs

Lubbock, Texas (177): .... 2 AMs, 4 FMs

Asheville, N.C. (179): .... 1 AM, 1 FM

Santa Barbara, Calif. (184): .... 3 AMs, 4 FMs

Manchester, N.H. (185): .... 1 AM, 1 FM

Amarillo, Texas (187): .... 1 AM, 3 FMs

Waco, Texas (192): .... 1 AM, 2 FMs

Yakima, Wash. (193): .... 2 AMs, 3 FMs

Springfield, Ill. (196): .... 1 AM, 2 FMs

Frederick, Md. (199): .... 1 AM, 1 FM

Cedar Rapids, Iowa (200):.... 3 AMs, 2 FMs

Alexandria, La. (203): .... 1 AM, 3 FMs

Ft. Walton Beach, Fla. (204): .... 1 FM

Medford/Ashland, Ore. (207): .... 1 AM, 4 FMs

Fargo, N.D./Moorhead, Minn. (211): .... 2 AMs, 4 FMs

Tuscaloosa, Ala. (216):.... 1 AM, 3 FMs

Winchester, Va. (218):.... 1 AM, 2 FMs

Abilene, Texas (221):.... 2 AMs, 4 FMs

Charlottesville, Va. (222):.... 2 AMs, 4 FMs

Wheeling, W.Va. (223):.... 2 AMs, 5 FMs

Parkersburg, W.Va./Marietta, Ohio (224):.... 1 AM, 4 FMs

Burlington, Vt. (225):.... 1 AM, 3 FMs

Panama City, Fla. (226):.... 1 AM, 5 FMs

Lima, Ohio (228):.... 1 AM, 3 FMs

Rochester, Minn. (229):.... 3 AMs, 2 FMs

Eau Claire, Wis. (231):.... 2 AMs, 4 FMs

Bryan/College Station, Texas (232):.... 2 FMs

Santa Fe, N.M. (235):.... 2 FMs

Battle Creek, Mich. (238):.... 2 AMs, 2 FMs

Wichita Falls, Texas (243):.... 1 AM, 3 FMs

Texarkana, Texas/Ark. (247):.... 1 AM, 3 FMs

Williamsport, Pa. (249):.... 2 AMs, 2 FMs

Albany, Ga. (253):.... 1 AM, 3 FMs

Mankato/New Ulm, Minn. (256):.... 2 AMs, 4 FMs

Lawton, Okla. (258):.... 2 FMs

Grand Forks, N.D./Minn. (264):.... 1 AM, 4 FMs

Cookeville, Tenn. (265):.... 2 AMs, 2 FMs

Bismarck, N.D. (266):.... 1 AM, 1 FM

Jackson, Tenn. (268):.... 1 AM, 2 FMs

Bangor, Maine (270):.... 5 FMs

Mason City, Iowa (272):.... 2 AMs, 4 FMs

Cheyenne, Wyo. (274):.... 1 AM, 4 FMs

Casper, Wyo. (278):.... 2 AMs, 4 FMs

Nonrated markets:.... 49 AMs, 85 FMs

2. Infinity Broadcasting Corp.

(controlled by Viacom Inc.)

NYSE: INF

$2.14 billion

187 stations

(51 AMs, 136 FMs)

40 W. 57th St., New York, N.Y. 10019

(212) 314-9200

www.cbsradio.com (Infinity Web site under construction)

Mel Karmazin, chairman, Viacom/CEO, Infinity

Daniel R. Mason, president, Infinity

New York (1):.... 3 AMs, 3 FMs

Los Angeles (2):.... 3 AMs, 5 FMs

Chicago (3):.... 3 AMs, 5 FMs

San Francisco (4):.... 3 AMs, 4 FMs

Philadelphia (5):.... 3 AMs, 2 FMs

Dallas/Ft. Worth (6):.... 2 AMs, 5 FMs

Detroit (7):.... 2 AMs, 4 FMs

Boston (8):.... 1 AM, 4 FMs

Washington (9):.... 1 AM, 4 FMs

Houston/Galveston (10):.... 2 AMs, 2 FMs

Atlanta (11):.... 1 AM, 2 FMs

Seattle/Tacoma (14):.... 1 AM, 4 FMs

San Diego (15):.... 2 FMs

Phoenix (16):.... 3 FMs

Minneapolis/St. Paul (17):.... 2 AMs, 2 FMs

St. Louis (19):.... 1 AM, 2 FMs

Baltimore (20):.... 3 AMs, 4 FMs

Tampa/St. Petersburg, Fla. (21):.... 1 AM, 5 FMs

Pittsburgh (22):.... 1 AM, 3 FMs

Denver/Boulder (23):.... 3 FMs

Cleveland (24):.... 4 FMs

Portland, Ore. (25):.... 1 AM, 5 FMs

Cincinnati (26): .... 4 FMs

San Jose, Calif. (27):.... 2 FMs

Riverside/San Bernardino, Calif. (28):.... 2 FMs

Sacramento, Calif. (29):.... 2 AMs, 5 FMs

Kansas City (30):.... 4 FMs

San Antonio, Texas (32):.... 1 AM, 1 FM

Columbus, Ohio (34):.... 3 FMs

Charlotte/Gastonia, N.C. (37):.... 2 AMs, 5 FMs

Orlando, Fla. (39):.... 3 FMs

Las Vegas (40):.... 2 AMs, 4 FMs

Greensboro/Winston-Salem, N.C. (42):.... 3 AMs

Hartford/New Britain, Conn. (44):.... 1 AM, 3 FMs

Buffalo/Niagra Falls, N.Y. (45):.... 1 AM, 4 FMs

Memphis, Tenn. (46):.... 1 AM, 1 FM

Austin, Texas (49):.... 1 AM, 3 FMs

W. Palm Beach/Boca Raton, Fla. (50):.... 2 FMs

Rochester, N.Y. (52):.... 4 FMs

Fresno, Calif. (65):.... 2 AMs, 5 FMs

Palm Springs, Calif. (153):.... 1 FM

Nonrated markets:.... 1 AM, 1 FM

3. ABC Radio Inc.

(subsidiary of Walt Disney Co.)

NYSE: DIS

$406.88 million

52 stations

(34 AMs, 18FMs)

13725 Montfort Drive, Dallas, Texas 75240

(972) 991-9200

abcradio.com (for ABC Radio Networks)

Bob Iger, president/COO, Disney

Robert F. Callahan, president, ABC Broadcast Group

John Hare, president, ABC Radio

New York (1):.... 2 AMs, 1 FM

Los Angeles (2):.... 2 AMs, 1 FM

Chicago (3):.... 4 AMs, 1 FM

San Francisco (4):.... 3 AMs

Philadelphia (5):.... 1 AM

Dallas/Ft. Worth (6):.... 2 AMs, 2 FMs

Detroit (7):.... 1 AM, 2 FMs

Boston (8):.... 1 AM

Washington (9):.... 1 AM, 2 FMs

Houston/Galveston (10):.... 1 AM

Atlanta (11):.... 1 AM, 2 FMs

Miami/Ft. Lauderdale, Fla. (12):.... 1 AM

Seattle/Tacoma (14):.... 1 AM

Phoenix (16):.... 1 AM

Minneapolis/St. Paul (17):.... 1 AM, 5 FMs

St. Louis (19):.... 1 AM

Tampa/St. Petersburg/Clearwater, Fla. (21):.... 1 AM

Pittsburgh (22):.... 1 AM

Denver/Boulder (23):.... 2 AMs

Cleveland (24):.... 1 AM

Providence/Warwick/Pawtucket, R.I. (33):.... 1 AM

Charlotte/Gastonia/Rock Hill, N.C. (37):.... 1 AM

Hartford/New Britain/Middletown, Conn. (44):.... 1 AM

W. Palm Beach/Boca Raton, Fla. (50):.... 1 AM

Richmond, Va. (57):.... 1 AM

Nonrated markets:.... 2 FMs

4. Cox Radio Inc.

NYSE CXR

$385.21 million

83 stations

(20 AMs, 63 FMs)

1400 Lake Hearn Drive NE, Atlanta, Ga. 30319

(404) 843-5000

coxradio.com

Nicholas D. Trigony, chairman

Robert F. Neil, president

Houston/Galveston (10): .... 3 FMs

Atlanta (11): .... 1 AM, 5 FMs

Miami/Ft. Lauderdale/Hollywood, Fla. (12): .... 4 FMs

Nassau/Suffolk, N.Y. (18): .... 3 FMs

Tampa/St. Petersburg, Fla. (21):.... 1 AM, 6 FMs

San Antonio, Texas (32): .... 3 AMs, 5 FMs

Orlando, Fla. (39): .... 2 AMs, 5 FMs

Hartford/New Britain, Conn. (44):.... 1 AM

Jacksonville, Fla. (51):.... 2 AMs, 4 FMs

Louisville, Ky. (53):.... 4 FMs

Birmingham, Ala. (55):.... 2 AMs, 5 FMs

Dayton, Ohio (56):.... 1 AM, 3 FMs

Richmond, Va. (57): .... 1 AM, 3 FMs

Honolulu (60): .... 2 AMs, 5 FMs

Tulsa, Okla. (62): .... 2 AMs, 4 FMs

New Haven, Conn. (102): .... 1 FM

Bridgeport, Conn. (112): .... 1 FM

Stamford/Norwalk, Conn. (139):.... 2 AMs, 2 FMs

5. Entercom Communications Corp.

NYSE: ETM

$358.6 million

98 stations

(35 AMs, 63 FMs)

401 City Ave., Suite 409, Bala Cynwyd, Pa. 19004

(610) 660-5610

www.entercom.com

Joseph M. Field,

chairman

David J. Field,

president

Boston (8):.... 2 AMs, 2 FMs

Seattle/Tacoma (14):.... 3 AMs, 6 FMs

Portland, Ore. (25): .... 3 AMs, 4 FMs

Sacramento, Calif. (29):.... 1 AM, 4 FMs

Kansas City (30): .... 3 AMs, 5 FMs

Milwaukee/Racine, Wis. (31): .... 1 AM, 2 FMs

Norfolk/Va. Beach/Newport News, Va. (36): .... 4 FMs

New Orleans (41): .... 2 AMs, 4 FMs

Greensboro/Winston-Salem, N.C. (42): .... 1 AM, 3 FMs

Buffalo/Niagra Falls, N.Y. (45):.... 4 AMs, 2 FMs

Memphis, Tenn. (46):.... 1 AM, 2 FMs

Rochester, N.Y. (52):.... 1 AM, 3 FMs

Greenville/Spartanburg, S.C. (58):.... 4 AMs, 4 FMs

Wilkes-Barre/Scranton, Pa. (64):.... 3 AMs, 6 FMs

Wichita, Kan. (84):.... 3 AMs, 4 FMs

Gainesville/Ocala, Fla. (90):.... 2 FMs

Worcester, Mass. (110):.... 1 AM

Madison, Wis. (120):.... 3 FMs

Nonrated markets:.... 2 AMs, 3 FMs

6. Citadel Communications Corp.

Nasdaq: CITC

$319.48 million

207 stations

(62 AMs, 145 FMs)

7201 W. Lake Mead Blvd., Suite 400, Las Vegas, Nev. 89128

(702) 804-5200

www.citadelcommunications.com

Lawrence R. Wilson, chairman

Bob Proffitt, chief operating officer

Providence/Warwick, R.I. (33):.... 2 AMs, 4 FMs

Salt Lake City/Ogden (35):.... 3 AMs, 4 FMs

Greensboro/Winston-Salem, N.C. (42):.... 1 FM

Nashville (43):.... 1 FM

Buffalo/Niagra Falls, N.Y. (45):.... 2 AMs, 4 FMs

Oklahoma City (54):.... 1 AM, 4 FMs

Birmingham, Ala. (55):.... 2 AMs, 3 FMs

Wilkes-Barre/Scranton, Pa. (64):.... 4 AMs, 7 FMs

Grand Rapids, Mich. (66):.... 1 AM, 3 FMs

Allentown/Bethelem, Pa. (67):.... 2 FMs

Knoxville, Tenn. (69):.... 1 AM, 4 FMs

Albuquerque, N.M. (72):.... 3 AMs, 5 FMs

Syracuse, N.Y. (75):.... 1 AM, 3 FMs

Harrisburg/Lebanon/Carlisle, Pa. (77): .... 1 AM, 3 FMs

Baton Rouge, La. (82):.... 2 AMs, 4 FMs

Little Rock, Ark. (83):.... 3 AMs, 7 FMs

Charleston, S.C. (87):.... 3 AMs, 5 FMs

Columbia, S.C. (89):.... 1 AM, 3 FMs

Spokane, Wash. (91):.... 3 AMs, 4 FMs

Colorado Springs, Colo. (94):.... 2 AMs, 3 FMs

Johnson City/Kingsport, Tenn. (96):.... 2 AMs, 2 FMs

Lafayette, La. (100):.... 3 AMs, 5 FMs

York, Pa. (103):.... 1 AM

Chattanooga, Tenn. (104):.... 1 AM, 3 FMs

Worcester, Mass. (110):.... 3 FMs

Lansing/East Lansing, Mich. (115):.... 2 AMs, 4 FMs

Portsmouth/Dover/Rochester, N.H. (117):.... 3 FMs

Flint, Mich. (119):.... 1 FM

Modesto, Calif. (122):.... 1 AM, 4 FMs

Boise, Idaho (124):.... 1 AM, 4 FMs

Saginaw/Bay City/Midland, Mich. (125):.... 5 FMs

Reno, Nev. (128):.... 1 AM, 4 FMs

Atlantic City/Cape May, N.J. (137):.... 1 AM, 3 FMs

Tyler/Longview, Texas (140):.... 4 AMs, 1 FM

Portland, Maine (160):.... 6 FMs

New Bedford/Fall River, Mass. (164):.... 1 AM, 1 FM

Binghamton, N.Y. (166):.... 2 AMs, 3 FMs

New London, Conn. (167):.... 1 AM, 2 FMs

Bloomington, Ill. (230):.... 1 AM, 2 FMs

Monroe, La. (234):.... 4 FMs

Augusta/Waterville, Maine (251): .... 2 AMs, 2 FMs

Ithaca, N.Y. (263):.... 1 AM, 1 FM

Nonrated markets:.... 2 AMs, 9FMs

7. Emmis Communications Corp.

Nasdaq: EMMS

$244.4 million

23 stations

(4 AMs, 19 FMs)

40 Monument Circle, Suite 700, Indianapolis, Ind. 46204

(317) 266-0100

emmis.com

Jeffrey H. Smulyan, chairman

Doyle L. Rose, president, Radio Division

New York (1): .... 3 FMs

Los Angeles (2):.... 2 FMs

Chicago (3):.... 1 FM

Phoenix (16):.... 2 AMs, 2 FMs

St. Louis (19):.... 5 FMs

Denver/Boulder, Colo. (23):.... 1 FM

Indianapolis (38):.... 2 AMs,3 FMs

Terre Haute, Ind. (191):.... 2 FMs

8. Cumulus Media Inc.

Nasdaq: CMLS

$239.31 million

274 stations

(79 AMs, 195 FMs)

3060 Peachtree Rd. NW, Suite 730, Atlanta, Ga. 30305

(404) 949-0700

cumulusmedia.com

Lewis W. Dickey Jr., CEO

John Dickey, vice president

Harrisburg/Lebanon, Pa. (77):.... 1 AM, 3 FMs

Toledo, Ohio (79):.... 2 AMs, 6 FMs

Greenville/Newbern/Jacksonville, N.C. (81):.... 2 FMs

Mobile, Ala. (88):.... 2 AMs, 3 FMs

Melbourne/Titusville/Cocoa, Fla. (95):.... 1 AM, 2 FMs

Youngstown/Warren, Ohio (97):.... 3 AMs, 5 FMs

Lexington/Fayette, Ky. (106):.... 1 AM, 4 FMs

Oxnard/Ventura, Calif. (108):.... 1 AM, 2 FMs

Augusta, Ga. (114):.... 2 AMs, 5 FMs

Flint, Mich. (119):.... 2 AMs, 3 FMs

Pensacola, Fla. (121):.... 1 AM, 2 FMs

Canton, Ohio (123):.... 1 FM

Saginaw/Bay City/Midland, Mich. (125):.... 1 FM

Fayetteville, N.C. (126):.... 1 AM, 4 FMs

Beaumont/Port Arthur, Texas (127):.... 2 AMs, 3 FMs

Shreveport, La. (130):.... 1 AM, 3 FMs

Quad Cities, Iowa/Ill. (133):.... 1 AM, 4 FMs

Appleton/Oshkosh, Wis. (134):.... 2 AMs, 2 FMs

Montgomery, Ala. (142): .... 3 AMs, 4 FMs

Eugene/Springfield, Ore. (143):.... 2 AMs, 4 FMs

Rockford, Ill. (148):.... 1 AM, 2 FMs

Killeen/Temple, Texas (149):.... 1 AM, 4 FMs

Evansville, Ind. (152):.... 1 FM

Savannah, Ga. (154): .... 2 AMs, 5 FMs

Fayetteville, Ark. (155):.... 2 AMs, 5 FMs

Tallahassee, Fla. (159):.... 1 AM, 4 FMs

Ft. Smith, Ark. (171): .... 1 AM, 3 FMs

Myrtle Beach, S.C. (173):.... 1 AM, 5 FMs

Odessa/Midland, Texas (174):.... 2 AMs, 4 FMs

Wilmington, N.C. (175):.... 1 AM, 4 FMs

Kalamazoo, Mich. (176):.... 1 AM, 2 FMs

Tupelo, Miss. (178):.... 2 AMs, 3 FMs

Topeka, Kan. (180):.... 2 AMs, 4 FMs

Green Bay, Wis. (182):.... 1 AM, 4 FMs

Santa Barbara, Calif. (184):.... 1 FM

Amarillo, Texas (187):.... 2 AMs, 4 FMs

Florence, S.C. (197):.... 3 AMs, 7 FMs

Cedar Rapids, Iowa (200):.... 3 FMs

Lake Charles, La. (205):.... 1 AM, 3 FMs

Laurel/Hattiesburg, Miss. (208):.... 2 AMs, 5 FMs

Marion/Carbondale, Ill. (213):.... 2 AMs, 4 FMs

Muskegon, Mich. (217):.... 2 AMs, 3 FMs

Dubuque, Iowa (220):.... 1 AM, 4 FMs

Abilene, Texas (221):.... 4 FMs

Waterloo/Cedar Falls, Iowa (233): .... 1 AM, 3 FMs

Florence/Muscle Shoals, Ala. (240):.... 2 AMs, 3 FMs

Wichita Falls, Texas (243):.... 4 FMs

Columbus/Starkville, Miss. (248):.... 3 AMs,4 FMs

Augusta/Waterville, Maine (251): .... 2 AMs, 6 FMs

Grand Junction, Colo. (252):.... 1 AM, 4 FMs

Albany, Ga. (253):.... 2 AMs, 5 FMs

Bismarck, N.D. (266):.... 3 AMs, 4 FMs

Bangor, Maine (270):.... 1 AM, 4 FMs

Jonesboro, Ark. (273):.... 1 AM, 2 FMs

Nonrated markets:.... 4 AMs, 5 FMs

9. Radio One Inc.

Nasdaq: ROIA

$233.02 million

51 stations

(13 AMs, 38 FMs)

5900 Princess Garden Parkway, Lanham, Md. 20706

(301) 306-1111

Catherine L. Hughes, chair; Alfred C. Liggins III, president

Los Angeles (2):.... 1 FM

Philadelphia (5):.... 2 FMs

Dallas/Ft. Worth (6):.... 1 AM, 1 FM

Detroit (7):.... 1 AM, 2 FMs

Boston (8):.... 1 AM, 1 FM

Washington (9):.... 2 AMs, 2 FMs

Houston/Galveston (10):.... 2 FMs

Atlanta (11):.... 2 FMs

Miami/Ft. Lauderdale, Fla. (12):.... 1 AM

St. Louis (19):.... 1 FM

Baltimore (20):.... 2 AMs, 2 FMs

Cleveland (24):.... 2 AMs, 2 FMs

Charlotte/Gastonia/Rock Hill, N.C. (37):.... 1 FM

Indianapolis (38): .... 3 FMs

Raleigh/Durham, N.C. (48):.... 4 FMs

Richmond (57):.... 6 FMs

Greenville/Spartanburg, S.C. (58): .... 2 FMs

Augusta, Ga. (114):.... 1 AM, 4 FMs

Traverse City/Petoskey, Mich. (195):.... 1 AM

Nonrated markets:.... 1 AM

10. Susquehanna Radio Corp.

Private

$221.55 million

29 stations

(10 AMs, 19 FMs)

140 E. Market St., York, Pa. 17401

(717) 852-2132

www.suspfz.com

Louis J. Appell Jr., chairman; David Kennedy, president

San Francisco (4): .... 2 AMs, 3 FMs

Dallas/Ft. Worth (6):.... 4 AMs, 3 FMs

Houston/Galveston (10):.... 1 FM

Atlanta (11):.... 1 FM

Cincinnati (26):.... 2 FMs

Kansas City (30):.... 1 AM, 2 FMs

Indianapolis (38):.... 3 FMs

York, Pa. (103):.... 1 AM, 1 FM

Nonrated markets:.... 2 AMs, 3 FMs

11. Hispanic Broadcasting Corp.

(about 29% owned by Clear Channel)

(not traded)

$214.62 million

46 stations

(16 AMs, 30 FMs)

3102 Oak Lawn Ave., Suite 215, Dallas, Texas 75219

(214) 525-7700

www.hispanicbroadcasting.com

McHenry T. Tichenor Jr., chairman/president

David D. Lykes, chief operating officer

New York (1): .... 1 AM, 1 FM

Los Angeles (2):.... 1 AM, 4 FMs

Chicago (3):.... 2 AMs, 1 FM

San Francisco (4):.... 2 FMs

Dallas/Ft. Worth (6): .... 2 AMs, 4 FMs

Houston/Galveston (10): .... 2 AMs, 4 FMs

Miami/Ft. Lauderdale, Fla. (12):.... 2 AMs, 2 FMs

San Diego (15): .... 2 FMs

Phoenix (16): .... 1 FM

San Antonio, Texas (32): .... 2 AMs, 4 FMs

Las Vegas (40):.... 1 AM, 1 FM

McAllen/Brownsville, Texas (63): .... 1 AM, 2 FMs

El Paso, Texasa (70): .... 2 AMs, 1 FM

Nonrated markets: .... 1 FM

12. Bonneville International Corp.

(Church of Jesus Christ of the Latter-Day Saints, owner)

Private

$173.5 million

18 stations

(5 AMs, 13 FMs)

Box 1160, Broadcast House, Salt Lake City, Utah 84110

(801) 575-7500

www.bonnint.com

Bruce T. Reese, president

Robert A. Johnson, chief operating officer/executive vice president

Chicago (3):.... 3 FMs

San Francisco (4):.... 1 AM, 3 FMs

Washington (9):.... 1 AM, 3 FMs

St. Louis (19):.... 1 AM, 3 FMs

Salt Lake City/Ogden (35): .... 1 AM

Frederick, Md. (199):.... 1 AM, 1 FM

13. Spanish Broadcasting System Inc.

Nasdaq: SBSA

$138.7 million

25 stations

(2 AMs, 23 FMs)

3191 Coral Way, Miami, Fla. 33145

(305) 441-6901

www.lamusica.com

Raul Alarcon Jr., chairman/president/CEO

New York (1):.... 2 FMs

Los Angeles (2):.... 2 FMs

Chicago (3):.... 1 FM

San Francisco (4):.... 1 FM

Dallas/Ft. Worth (6):.... 1 AM, 1 FM

Miami/Ft. Lauderdale/Hollywood, Fla (12):.... 3 FMs

Puerto Rico (13): .... 11 FMs

Riverside/San Bernardino, Calif. (28):.... 1 FM

San Antonio, Texas (32):.... 1 AM, 1 FM

14. Jefferson-Pilot Communications Co.

NYSE: JP

$133.4 million

17 stations

(6 AMs, 11 FMs)

100 N. Greene St., Greensboro, N.C. 27420

(336) 691-3000

www.jpcc.com

David A. Stonecipher, chairman/president, Jefferson-Pilot Financial Co.; Theresa M. Stone, president, Jefferson-Pilot Communications

Atlanta (11):.... 1 AM, 1 AM

Miami/Ft. Lauderdale, Fla. (12):.... 1 AM, 2 FMs

San Diego (15):.... 1 AM, 3 FMs

Denver/Boulder (23):.... 2 AMs, 3 FMs

Charlotte/Gastonia/Rock HIll, N.C. (37):.... 1 AM, 2 FMs

15. Greater Media Inc.

Private

$122.05 million

14 stations

(2 AMs, 12 FMs)

2 Kennedy Blvd., East Brunswick, N.J. 08816

(732) 247-6161

www.greater-

media.com

Frank Kabela, chairman

Peter Smyth, group vice president/COO, Greater Media Radio

New York (1):.... 1 AM, 1 FM

Philadelphia (5):.... 1 AM, 3 FMs

Detroit (7):.... 3 FMs

Boston (8):.... 5 FMs

16. Beasley Broadcast Group Inc.

Nasdaq: BBGI

$118.62 million

42 stations

(16 AMs, 26 FMs)

3033 Riviera Dr., Suite 200, Naples, Fla. 34103

(941) 263-5000

www.bbgi.com (under construction)

George G. Beasley, president

Bruce Beasley, president, Radio Group

Philadelphia (5):.... 2 AMs, 2 FMs

Boston (8):.... 1 AM

Atlanta (11):.... 2 AMs

Miami/Ft. Lauderdale, Fla. (12): .... 3 AMs, 2 FMs

Las Vegas (40):.... 3 FMs

New Orleans (41):.... 1 AM, 2 FMs

W. Palm Beach/Boca Raton, Fla. (50):.... 1 AM

Ft. Myers/Naples, Fla. (71):.... 1 AM, 4 FMs

Greenville/New Bern, N.C. (81):.... 1 AM, 5 FMs

Augusta, Ga. (114):.... 2 AMs, 4 FMs

Fayetteville, N.C. (126):.... 2 AMs, 4 FMs

17. Saga Communications Inc.

AMEX: SGA

$94.12 million

51 stations

(19 AMs, 32 FMs)

73 Kercheval Ave., Grosse Pointe Farms, Mich. 48236

(313) 886-7070

www.sagacommunications.com

Edward K. Christian, chairman/president

Warren Lada, vice president, operations

Milwaukee/Racine, Wis. (31):.... 1 AM, 4 FMs

Columbus, Ohio (34):.... 1 AM, 1 FM

Norfolk/Va. Beach, Va. (36):.... 1 AM, 2 FMs

Springfield, Mass. (80):.... 2 AMs, 2 FMs

Des Moines, Iowa (92):.... 2 AMs, 4 FMs

Portland, Maine (160):.... 3 AMs, 3 FMs

Manchester, N.H. (185):.... 1 AM, 2 FMs

Springfield, Ill. (196):.... 1 AM, 4 FMs

Champaign, Ill. (209):.... 3 FMs

Sioux City, Iowa (250):.... 1 FM

Ithaca, N.Y. (263): .... 2 AMs, 2 FMs

Nonrated markets:.... 5 AMs, 4 FMs

18. Journal Broadcast Group Inc.

Private

$70.4 million

36 stations

(11 AMs, 25 FMs)

720 E. Capitol Dr., Milwaukee, Wis. 53212

(414) 332-9611

www.journalbroadcastgroup.com

Douglas G. Kiel, president, Journal Communications Inc.

Carl Gardner, president, radio

Milwaukee/Racine, Wis. (31):.... 1 AM, 1 FM

Tucson, Ariz. (61):.... 1 AM, 3 FMs

Tulsa, Okla. (62):.... 1 AM, 2 FMs

Knoxville, Tenn. (69):.... 1 AM, 3 FMs

Omaha/Council Bluffs, Neb. (73):.... 3 AMs, 5 FMs

Wichita, Kan. (84):.... 1 AM, 5 FMs

Boise, Idaho (124):.... 2 AMs, 4 FMs

Springfield, Mo. (146):.... 1 AM, 2 FMs

19. Entravision Communications Corp.

NYSE: EVC

$67.25 million

66 stations

(26 AMs, 40 FMs)

2425 Olympic Blvd., Suite 6000 W, Santa Monica, Calif. 90404

(310) 447-3870

www.entravision.com

Walter F. Ulloa, chairman

Philip C. Wilkinson, president/COO

Amador S. Bustos, president, Radio Division

Los Angeles (2):.... 3 FMs

Chicago (3):.... 1 AM, 2 FMs

Dallas/Ft. Worth (6):.... 2 AMs, 3 FMs

Washington (9):.... 1 AM

Houston/Galveston (10):.... 1 AM, 1 FM

Miami/Ft. Lauderdale, Fla. (12):.... 1 AM

Phoenix (16):.... 2 FMs

Denver/Boulder (23):.... 1 AM, 1 FM

San Jose, Calif. (27):.... 3 AMs, 1 FM

Riverside/San Bernardino, Calif. (28):.... 2 AMs

Sacramento, Calif. (29):.... 1 AM, 4 FMs

Las Vegas (40):.... 1 FM

McAllen/Brownsville, Texas (63):.... 4 FMs

Fresno, Calif. (65):.... 1 AM, 1 FM

El Paso, Texas (70):.... 1 AM, 3 FMs

Albuquerque, N.M. (72):.... 1 AM, 1 FM

Monterey/Salinas, Calif. (74):.... 3 AMs, 5 FMs

Stockton, Calif. (85):.... 1 AM, 1 FM

Modesto, Calif. (122):.... 1 AM, 2 FMs

Reno, Nev. (128):.... 1 FM

Killeen/Temple, Texas (149):.... 1 AM

Palm Springs, Calif. (153):.... 1 FM

Lubbock, Texas (177):.... 1 AM

Chico, Calif. (190):.... 1 AM, 1 FM

Nonrated markets:.... 2 AMs, 2 FMs

20. Tribune Broadcasting Co.

NYSR: TRB

$60.8 million

4 stations

(2 AMs, 2 FMs)

435 N. Michigan Ave., Chicago, Ill. 60611

(312) 222-3333

www.tribune.com

John W. Madigan,

chairman/president,

Tribune Co.

Dennis J. FitzSimons, executive vice president, Tribune Co./president, Tribune Broadcasting

Stephen D. Carver, vice president, Radio Group, Tribune Broadcasting/vice president and general manager, wgn(am) Chicago

Chicago (3):.... 1 AM

Denver (23):.... 1 AM, 2 FMs

21. Nassau Broadcasting Partners LP

Private

$59.72 million

31 stations

(15 AMs, 16 FMs)

www.nassaubroadcasting.com

619 Alexander Rd., Princeton, N.J. 08540

(609) 452-9696

Louis Mercatanti Jr., president/CEO/20.3% owner

New York (1):.... 1 AM, 2 FMs

Monmouth/Ocean, N.J.(47):.... 2 AMs, 3 FMs

Wilkes-Barre/Scranton, Pa. (64):.... 2 AMs, 1 FM

Allentown/Bethlehem, Pa. (67):.... 1 AM, 1 FM

Bridgeport, Conn. (112):.... 1 AM, 1 FM

Trenton, N.J. (138):.... 3 AMs, 2 FMs

Newburgh/Middletown, N.Y. (141):.... 1 AM, 1 FM

Danbury, Conn. (188):.... 2 AM, 2 FM

Sussex, N.J. (239):.... 1 AM, 3 FMs

Nonrated markets:.... 1 AM

22. Inner City Broadcasting Corp.

Private

$57.35 million

17 stations

(9 AMs, 8 FMs)

3 Park Ave., New York, N.Y. 10016

(212) 447-1000

Pierre Sutton, chairman

Charles Warfield, president/COO

New York (1):.... 1 AM, 1 FM

San Francisco (4):.... 1 AM, 1 FM

Philadelphia (5):.... 1 AM

Miami/Ft. Lauderdale, Fla. (12):.... 1 AM

Pittsburgh (22):.... 1 AM

San Jose, Calif. (27):.... 1 AM

Columbia, S.C. (89):.... 1 AM, 3 FMs

Jackson, Miss. (118):.... 2 AMs, 3 FMs

23. Sandusky Radio

Private

$56 million

10 stations

(4 AMs, 6 FMs)

515 Park Ave., No. 4A, New York, 10021

(212) 593-9896; to be (212) 355-3074

David Rau, chairman

Norman Rau, president

Seattle/Tacoma (14):.... 3 FMs, 2 AMs

Phoenix (16):.... 3 FMs, 2 AMs

24. Regent Communications Inc.

Nasdaq: RGCI

$51.96 million

47 stations

(15 AMs, 32 FMs)

50 E. Rivercenter Blvd., Suite 180, Covington, Ky. 41011

(859) 292-0030

www.regentcomm.com

Terry S. Jacobs, chairman/treasurer

William Stakelin, president/COO

Albany/Schenectady/Troy, N.Y. (59):.... 2 AMs, 4 FMs

Grand Rapids, Mich. (66):.... 1 AM, 3 FMs

El Paso, Texas (70):.... 1 AM, 2 FMs

Flint, Mich. (119):.... 1 AM, 2 FMs

Utica/Rome, N.Y. (151):.... 2 AMs, 3 FMs

Erie, Pa. (156):.... 1 AM, 2 FMs

Chico, Calif. (190):.... 4 FMs

St. Cloud, Minn. (212):.... 2 AMs, 4 FMs

Redding, Calif. (215):.... 2 AMs, 4 FMs

Watertown, N.Y. (257):.... 2 AMs, 2 FMs

Nonrated markets:.... 1 AM, 2 FMs

25. Barnstable Broadcasting Inc.

Private

$50.4 million

25 stations

(AMs, 18 FMs)

2 Newton Executive Park, Newton, Mass. 02462

(617) 527-0062

Albert Kaneb, CEO/owner

Michael Kaneb, president/COO

Nassau/Suffolk, N.Y. (18):.... 3 AMs, 4 FMs

Norfolk/Va. Beach, Va. (36):.... 2 AMs, 4 FMs

Memphis, Tenn. (46):.... 3 FMs

Greenville/Spartanburg, S.C. (58):.... 2 FMs

Des Moines, Iowa (92):.... 2 AMs, 4 FMs

Nonrated markets:.... 1 FM