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Clear Channel cuts 630 jobs after Ackerley merger

Saturday, August 03, 2002

Following Clear Channel Communications' buyout of the Ackerley Group, restructuring of the radio giant resulted in the elimination of 630 jobs in the month of June. Company officials say another 170 jobs are on the chopping block as well. Clear Channel reports that the June merger set it back $40 million in restructuring expenses.

Story source: Radio & Records

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