Analysis of Radio Station Mergers and Acquisitions The radio industry is seeing rapid mergers and single companies buying many radio stations at one time. The trend now is for Communication companies to own several radio stations in a single market. As a result of these proposed mergers and acquisitions, the FCC has reviewed many of the planned transactions. From November 1997 to November 1998, there were 9 proposed mergers and acquisitions, 8 pending deals, and 5 done deals from companies. The biggest transaction of this time period was the mega-merger of Chancellor Media Corp. and Capstar Broadcasting Partner