Energy 92.7/S.F. Sold For $6.5 Million
July 15, 2009 at 5:54 PM (PT)
ED STOLZ' GOLDEN STATE BROADCASTING LLC is buying Dance KNGY (ENERGY 92.7)/ALAMEDA-SAN FRANCISCO from FLYING BEAR LICENSING LLC for $6.5 million.
The sale, filed TODAY at the FCC, requires an escrow payment of $5.5 million if the sale does not close by SEPTEMBER 13th, added to the initial $1 million escrow. The deal also includes an LMA effective SEPTEMBER 13th.