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From Times Staff and Wire Reports
Radio & Records Sold: The trade publication has, as expected, been sold to Perry Media Corp. by Westinghouse Electric Corp. The deal has an estimated value of $12 million to $15 million. Westinghouse took over the company in November after its former owner, Westwood One, experienced financial problems. Perry Media plans a capital infusion, and Radio & Records management will have an equity position.
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