Clear Channel reported in its 2Q earnings report that it has sold its stake in SiriusXM
The stock sale netted Clear Channel $135.5 million. CC originally made an $83.1 milluion investment in XM radio in 1999.
Which means much of the company’s audio product will disappear from the SiriusXM line-up.
It’s expected that AC “Lite FM”WLTW,
York, country “The Big 98” WSIX-FM, Nashville
and urban WGCI-FM, Chicago
(107.5) will go off the bird.
Word is just CHRs Z-100 WHTZ NYC and 102.7 KIIS-FM,
Los Angeles will
remain on the XM platform.
Among the other channels airing Clear Channel content are the Talk Radio channel, which features hosts like Glenn Beck and Dave Ramsey; the Extreme Talk channel, with personalities like Todd Schnitt and Bob & Tom; Fox Sports Radio; and the Sixx Sense channel that features syndicated nighttime personality and former Motley Crue bass player Nikki Sixx.