CBS Corp. (CBS) said its division, CBS RADIO, completed its deal with Clear Channel Communications, Inc. to swap five mid-size market radio stations for two large market stations.
In the trade, Clear Channel has obtained CBS RADIO's KBKS-FM (Seattle), WQSR-FM (Baltimore), KXJM-FM and KLTH-FM (Portland), and KQJK-FM (Sacramento, California). In return, CBS RADIO has acquired two stations in Houston, KLOL-FM (Mega 101.1) and KHMX-FM (Mix 96.5).
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.