Geneseo, Illinois radio stations WGEN (1500 AM) and WGEN-FM (104.9) are sold to Connoisseur Communications, owner of KJOC, KQCS, WXLP and KBOB with studios in Davenport, Iowa. The FM signal is simply a repeater of KJOC's signal, which has an all-sports format, while the AM signal repeats KBOB (at the time, located at 99.7 FM with a country format) as Connoisseur was considering future plans for the two stations.
February - Jacor announced it would purchase Citicasters, Inc. and Noble Broadcast Group. In addition, SFX Broadcasting announced it would buy Prism Radio Partners.
February 5–10 – After 7 and a half years (in the country format (Over a year on 97.1 FM, the remaining time on 103.5), WYNY/New York drops the format at 6 AM and began to simulcast its sister stations outside New York, WRCX in Chicago on February 5, KKBT in Los Angeles on February 6, WLUP-FM in Chicago on February 7, KIOI in San Francisco on February 8, and WXKS-FM in Boston on February 9. On February 10, WYNY would flip to a Dance CHR format as "103.5 The New KTU."
February 15 - Top 40-formatted WYHY/Nashville drops the format after 14 years and flips to Hot AC as WRVW, "The River."
March 8 – KZZP in Phoenix flips back to Top 40/CHR
March 25 - KCIN/Seattle flips from country to Rhythmic AC, branded as "Kiss 106", after a week of simulcasting sister stations and a stunt loop of various sound effects
March 26 - WPAT-FM's sale from Park to SBS is final though SBS had custody of the frequency since January 20. WPAT AM 930 though is sold to Heftel on March 26 and at 3 p.m. the AC format (by then was more of a Soft AC since splitting from the FM) ends and a Spanish pop format begins. WPAT AM 93 evolves to a brokered format later in the year. The building and real estate is included in the sale of the AM but not the FM.
April - SFX Broadcasting and Multi-Market Radio announced plans to merge.
May - Former SFX President/CEO Steve Hicks and brother Tom Hicks of Hicks, Muse, Tate & Furst launched Capstar Broadcasting, with plans to spend $1 billion on middle-market radio stations. Also that month, Cox Radio would acquire NewCity Communications for $250 million.
May 31 - WEDJ/Charlotte rebrands to "Kiss 95.1", bringing the "Kiss" moniker back to the market for the first time in 2 years, when it was formerly carried on 101.9 FM (now WBAV-FM)
June 20 - Westinghouse/CBS Radio announced its merger with Infinity Broadcasting. The $3.9 billion deal would be the biggest deal in radio history until Clear Channel's acquisition of AMFM in October 1999.
July - Capstar would buy Osborn Communications for $100 million; also that month, Heftel Broadcasting and Tichenor Media would merge, becoming one of the first major Spanish-language radio companies.
July-November - WHTZ/New York gradually segues from pop-slanted Modern Rock to mainstream CHR, with the shift completed in November.
July 29 – WWWE in Cleveland, Ohio (long nicknamed "3WE") reverts to their original WTAM call letters, now branded as "WTAM 1100."
August - American Radio Systems announced it would acquire EZ Communications' nearly 100 station group for $655 million. Also that month, Chancellor Broadcasting would acquire Colfax Communications' 12 station group for $365 million.
August 9 - Adult Contemporary-formatted WLTI/Detroit reverted to the WDRQ call letters and branding, and flipped to Rhythmic AC.
August 15 – Adult Contemporary-formatted KHHT/Denver (now KQKS) flips to Top 40 as "K-HITS 107.5"