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SFX BROADCASTING BUYS FT. WORTH SPORTS RADIO STATION
Published March 1, 1995
SFX Broadcasting, the parent company of Dallas/Ft. Worth station KRLD-AM, announced an agreement to buy all-sports radio station, KTCK-AM, known as "The Ticket." KRLD, whose offices are located at The Ballpark at Arlington, and The Ticket will keep their separate offices, frequencies and format. KRLD has a news and information format but does own the Rangers' radio rights. KRLD GM Jerry Bobo noted that buying The Ticket "offers another opportunity" to expand local sports programming: "Anytime you have a facility like The Ticket in a sports town such as Dallas, the options always are available to pick up another sports franchise" (Eric Zarate, FORT WORTH STAR-TELEGRAM, 3/1). This morning's DAILY VARIETY reports that the SFX agreed to purchase The Ticket from Cardinal Communications for $8M in cash plus other considerations. SFX also announced that Spence Kendrick, President and majority shareholder of Cardinal Communications, was named president of its newly created SFX Sports unit. Completion of the deal is subject to approval of the FCC (DAILY VARIETY, 3/1).