At this point, Z100 was sold to Shamrock Broadcasting.
Unable to service its growing debt, Malrite exited the radio business by selling off all their stations to Shamrock Broadcasting (Roy Disney's family-owned broadcasting company) in 1993.
In August 1984, Fritts Broadcasting, Inc., reached an agreement to sell this station to Shamrock Broadcasting, Inc.
Shamrock Broadcasting, Roy E. Disney's broadcasting company, bought the station from the Terry group in the late 1980s, then sold it to Shooting Star Broadcasting in 1997.
Alliance Broadcasting bought the station from Shamrock Broadcasting in May of 1994.
Shamrock Broadcasting, a new company founded by Roy E. Disney, bought out Starr Broadcasting (including KITV) in 1979.
In 1979, Shamrock Broadcasting purchased the station from Starr Broadcasting.
On January 30, 1992, Park Broadcasting purchased WTVQ from Shamrock Broadcasting.
"It's a brilliant strategy that takes advantage of what the telecom bill allowed us to do," said Bill Clark, former chief executive of Shamrock Broadcasting.
For example, Shamrock Broadcasting, based in Burbank, Calif., has agreed to acquire the Malrite Communications Group of Cleveland in a stock swap valued at $300 million.