Clear Channel Sells SiriusXM Stake; Stations To Leave Service

Clear Channel SiriusXM Sirius XM WLTW WSIX WGCI Sixx Sense Talk Fox SportsIn its quarterly earnings release Clear Channel announced that it had sold its ownership stake in SiriusXM for $135.5 Million.

With the sale all but two of the Clear Channel programmed stations will depart the XM service on Wednesday, August 28. Departing are rebroadcasts of WLTW New York, WSIX Nashville, and WGCI Chicago as well as CC programmed Sixx Sense, Extreme Talk (home of Todd Schnitt, Artie Lange and WTKS Orlando programming), Talk Radio (carries Quinn & Rose, Rick & Bubba, Alex Jones), ReachMD, Talk Radio (Glenn Beck, Dave Ramsey, Randi Rhodes, Coast To Coast AM), and Fox Sports Radio.

Remaining on XM will be rebroadcasts of Z100 New York and KIIS-FM Los Angeles.

Clear Channel purchased its stake in XM for $83.1 Million prior to its launch. It has always held rights to program a block of channels on the service which has varied over time from straight terrestrial simulcasts to channels exclusively programmed for the satellite service.

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