KFUO/St. Louis Sale Mulled By Church
August 18, 2009 at 5:16 AM (PT)
The LUTHERAN CHURCH-MISSOURI SYNOD is considering the sale of Classical KFUO-F (CLASSIC 99)/ST. LOUIS to JOY FM for $18 million, reports the ST. LOUIS POST-DISPATCH. The church announced in APRIL that it was offering the station for sale, and JOY FM offered $18 million for the facility.
A citizens group dedicated to saving the station's Classical format, the RADIO ARTS BOARD AND CIRCLE OF FRIENDS, reportedly offered $6 million, then $8 million for the station, and the church countered with a proposal that the arts board buy JOY FM's existing Contemporary Christian KPVR/BOWLING GREEN, MO-KHZR/POTOSI, MO, which serve the ST. LOUIS market, for $5 million, with a simulcast on an HD multicast channel of KFUO, a proposal that the arts board has thus far resisted.