Ackerley announced its sale to Clear Channel Communications on October 8, 2001;[2] the merger was completed on June 14, 2002.[3] At the time of the closure of the transaction, the sale price was reported to be 38 times cashflow (approximately $1.1B USD), the highest ever sale valuation for a North American publicly traded media company in the history of the NYSE. The record setting high price tag was attributed to the overwhelming market monopoly position of the Ackerley Group's Out of Home Media (billboards) marketplace in the Washington, Oregon, Massachusetts and South Florida media markets- all areas where Clear Channel was devoid of inventory. Barry Ackerley and his immediate family owned approximately 82% of the company stock at the time of the sale.
Station list (incomplete)
Stations are arranged in alphabetical order by state and city of license.
defunct, Went dark in 2018,[4][5] license cancelled in 2020.[6] (Callsign changed to KJRW prior to the shutdown; intellectual unit and CBS programming transferred to a Northwest Broadcasting-owned license and renamed KVIQ-LD.[7])
1 Divested following purchase of KION, Ackerley continued to operate station after divestiture until the merger with Clear Channel in 2002.
2 Operated by Ackerley from 1994 until purchased outright by Ackerley in 2000.
3 Ackerley never owned this station directly but did operate it through a time brokerage agreement from 2000 until the merger with Clear Channel in 2002.
