KBXO Deal Closes, KPCV Gets NPR
August 25, 2008 at 6:46 AM (PT)
AMERICAN PUBLIC MEDIA has closed on the purchase of noncommercial Religion KBXO (OASIS NETWORK)/COACHELLA, CA (PALM SPRINGS-INDIO) from CREATIVE EDUCATIONAL MEDIA CORP., INC. for $1 million. APM, parent of MINNESOTA PUBLIC RADIO, owns SOUTHERN CALIFORNIA PUBLIC RADIO, which operates noncommercial Talk KPCC/PASADENA-LOS ANGELES.
GREG GUY of PATRICK COMMUNICATIONS served as broker for the seller, while PUBLIC RADIO CAPITAL represented the buyer.
Meanwhile, SOUTHERN CALIFORNIA PUBLIC RADIO assumed the programming of KPCV/PALM SPRINGS-PALM DESERT-INDO. The 24-hour public radio news station will offer NATIONAL PUBLIC RADIO, AMERICAN PUBLIC MEDIA and PRI programming, plus regional news team coverage.
"We are delighted to extend SCPR’s service to the residents of THE COACHELLA VALLEY," SOUTHERN CALIFORNIA PUBLIC RADIO Pres. BILL DAVIS said. "THE COACHELLA VALLEY is an increasingly important part of the SOUTHLAND -- in terms of population, obviously, but also in terms of its economic, political and cultural impact on the larger metropolitan area."