Shortly after the acquisition, Evergreen merged with Chancellor Broadcasting to become Chancellor Media Corporation.
Chancellor Broadcasting merged with Evergreen Media Corporation.
Chancellor Broadcasting is also selling $100 million of senior subordinated notes due in 2004.
The Evergreen Media Corporation, which owns radio stations nationwide, agreed to buy Chancellor Broadcasting.
In 1996 when Z-100 in New York was purchased by Chancellor Broadcasting they decided to drop Love Phones for a music intensive night show instead.
The firm has effective control of Chancellor Broadcasting, the nation's second-largest radio chain after the $1 billion purchase of several stations from Viacom last year.
In February 1997, Viacom sold 10 stations, including WJZW, to Chancellor Broadcasting.
And Chancellor Broadcasting said it would swap three stations in Florida for one in California that is owned by American Radio Systems.
Chancellor Broadcasting purchased the station in August 1996.
Chancellor Broadcasting restructured and became known as AMFM Inc. in 1999.