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1999: a year of musical chairs in broadcasting.(Brief Article)

Business Journal-Portland

| January 07, 2000 | BRENNEMAN, KRISTINA | COPYRIGHT 1985 Business Journal of Portland, Inc. (Hide copyright information)Copyright

When veteran broadcaster Don McCoun was looking to sell two of his radio stations last October, he wanted a buyer with broadcast experience who would retain local programming.

Not a venture capitalist. Not a radio network.

He sold KSWB and Coast 103 in Seaside, and Astoria's Oldies KKEE and Country KVES for $1.5 million to New Northwest Broadcasters Inc, a mid-size radio upstart that bought 43 stations in 1999.

The Bellevue, Wash.-based company turned around and resold KSWB and purchased the Youngs Bay stations, KAST-AM and FM.

The acquisitions put New Northwest within sight of its goal of 100 stations by the end of 2000, making the company "very hot," McCoun said.

1998 was the year that radio corporations took over Portland metropolitan radio stations; 1999 was the year …

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