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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