Saying radio station ownership concentration in Monmouth, N.J., i...
Saying radio station ownership concentration in Monmouth, N.J., is partially offset by availability of out- of-town stations, FCC approved acquisition by Millennium Radio Group of 5 stations in that market from Nassau Bcstg., Seashore Bcstg. and North Shore Bcstg.…
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(BAL/BALH-20010618AAN- AAP). Deal will give Millennium 63.8% of ad revenue in market. FCC called benefits of deal “real and substantial,” with likelihood of “substantially improved programming, which is geared to local interests and local concerns.” Comr. Copps, however, dissented, saying out-of-market stations “do not provide the local coverage that makes radio unique… It is unlikely that any owner in this market will be able to compete with the market power that will accrue to the Millennium stations…. The grant of these transfers raises my concerns about the future of local radio.”