I was there at the demise of 620 and I can confirm that McCoy, Sellmeyer, Beavers and the rest of the investors did VERY WELL financially when they sold it to Disney. I do know numbers, but at that time Jaan and I were friends, I promised to keep his confidence then and it would be inappropriate of me to divulge details now, regardless of our current relationship, especially in this kind of forum.
Suffice to say all investors made out quite well with the lion's share of profits going to Sellmeyer, McCoy and Beavers. They probably never had to work again after that sale - unless they so chose - which of course, they did.
McCoy's departure from 770 was amicable (as I said, Jaan would never burn a bridge). As I've had more time to think about it, whatever misgivings Crawford may have had of McCoy's departure were like ameliorated by no longer having to pay McCoy's hefty salary and insurance costs. I can guarantee you this Tanner guy isn't getting anywhere near what Jaan was getting - he probably isn't even full time!
What "Hans" reports here is also probably true - that this particular deal all happened in the last 90 days or so.
But likely as not, Hue has been "sniffing around" for months or more in his engineering capacity to find just exactly the right kind of deal in which to interest Jaan to partner up with him again. As I said, the KAAM franchise has ceased to exist from what it was a long time ago.
What Jaan will likely do with 1400 in my view will be to make it an oldies station. He was never a big band guy to begin with and he certainly wouldn't do anything that would compete with his old boss. I remember he used to talk all the time of setting up a studio in the barn on his property and broadcasting from there - just walk from the big house to the barn to do his show. It would not surprise me that he doesn't do that now. And Hue certainly has the engineering "chops" to make that happen.
The real question now is: How long will it take for KAAM to die? 24/7 infomericals (and the lucrative revenue they bring in) will be too much for Crawford to resist and now, with McCoy gone, not even the morning show will be safe.
Wouldn't this now leave a real opening for an Adult Standard station in DFW?