Friday, May 23, 2014

San Diego’s 1240 sells to Crawford Broadcasting

By Joe Nelson

San Diego’s 1240 sells to Crawford Broadcasting for 1.5 million, In a rare sale by Arthur Liu of Multicultural Broadcasting. (Though he is selling his New York-market WNSW Newark/1430 to lay-Catholic Starboard Media Foundation for $10.1 million.) Back in 2003, Liu agreed to LMA (with an option to buy) San Diego’s then-KSON/1240 from Jefferson-Pilot for $4,850,000 less the LMA fees. Eventually, there were many LMA fees at $100,000 per month, because the purchase wasn't consummated until 2009. Though it’s possible that because of the severe storm damage in late 2004 and then more tower damage several years later, Liu wasn’t paying the full amount every month. The station’s now called KNSN and is currently running a brokered Spanish Christian teaching format named “Radio Catolica.” This was Multicultural’s only signal in San Diego, and it will be Christian broadcaster Don Crawford’s entrée to the market. KNSN’s licensed for 550 watts, day and night, with good ground conductivity that helps it cover the market.

Special thanks to Tom Taylor and David Alpern for this lead!

Have a great weekend!
-Joe

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