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1999 | 1998
1 article from 1999
Chancellor Pulls Out Of Lin-Tv Deal
16 March 1999 | From Studio Briefing | See recent Studio Briefing news
Chancellor Media, the giant Dallas-based radio and billboard company, has abandoned its planned entry into television with a $900 million acquisition of Lin Television. As it canceled the Lin deal Monday, it also announced that its CEO, Jeffrey Marcus had resigned and would be replaced by company chairman Thomas O. Hicks, who is also chairman of the Dallas buyout firm, Hicks, Muse, Tate & Furst, which owns 12 percent of Chancellor and now says that it intends to boost that stake to 29 percent.
1999 | 1998
1 article from 1999
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