| Jacor |
Articles about Jacor |
Information AboutJacor |
|
Jacor was named after it's founder Terry Jacobs. In the mid 80's Jacor owned WLW / WEBN Cincinnati, WGST / WPCH Atlanta, WMYU Knoxville, WMJI / WRDZ Cleveland, WYHY Nashville, KOA / KRFX Denver, WFLA / WFLZ Tampa, WQIK-AM/FM Jacksonville In 1990 Jacor sold WYHY Nashville and WMJI Cleveland to save itself from Bankruptcy. In 1992 Jacor was one of the first broadcasters to take advantage of duopoly rules allowing stations to own or operate 2AM's and 2FM's per market. Up until that time broadcasters could only own 1AM and 1FM per market. By 1996 with the passing of the telcom bill Jacor went on a shopping spree. Jacor acquired the radio properties of Citicasters in 1996 and acquired the assets of Nationwide Communications in 1997 . These acquisitions made Jacor the third-largest radio company when it was acquired by Clear Channel, owning 230 radio stations in 55 Market s. Jacor also Syndicated '' The Rush Limbaugh Show '' and the Dr. Laura Schlessinger show. Inside the radio industry Jacor was seen as one of the most competitive broadcast companies in history. Jacor's re-image in 1996 created the slogan "The Noise You Can't Ignore". Jacor was owned (1992-1999) by Sam Zell's Zell Chillmark fund. In May of 1993 founder and CEO Terry Jacobs left Jacor and VP Programming and COO Randy Michaels was named President of the company, in 1996 he was promoted to CEO. By 1999 Zell had decided to evaporate his interest in Jacor and sold it to Clear Channel Communications . Clear Channel named Michaels CEO and enjoyed several years of continued growth and success reaching 1200 domestic radio properties. On July 22, 2002 Clear Channel CEO, Mark Mays, made a controversial move by removing Michaels as CEO of the radio division. This decision was often questioned given that Michaels had been known as a world class broadcast CEO. Michaels now owns and operates a television group and Clear Channel has been sold to a group of private equity investors. The Jacor name is retired from broadcasting. For many years in the late 80's and throughout the 90's Jacor's perception in the radio industry was strong among radio listeners. In most markets where Jacor competed they had the #1 and in the case of Denver, Cincinnati, and Tampa were often ranked 1st and 2nd with their AM/FM combos. In the 90's Jacor's first entry into a major market was Gannett's KIIS-AM/FM. Jacor quickly improved ratings at KIIS-FM and turned the AM from a 5000 watt unknown to a successful AM sports station that for several years was the flagship station for the Dodgers baseball games. Jacor's corporate headquarters were at 201 E. 5th Street (13th floor) in downtown Cincinnati from the mid 80's through 1996. In December of 1996 Jacor moved it's headquarters across the Ohio River to 50 E. Rivercenter Blvd (12th and 14th floor) in Covington KY. Jacor also operated WKRC-TV (CBS affiliate) in Cincinnati, Ohio and for a short time WTSP-TV (CBS affiliate) in Tampa, Florida. EXTERNAL LINK |
|
|