The receiver has sold KREV-FM Alameda as well as KRCK-FM, Mecca and KFRH-FM North Las Vegas to VCY America Inc. The stations will be changed to Non-Commercial operation. VCY is a religious operation based in Milwaukee. VCY America. The selling price for all three is $6,000,000.00
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KREV-FM sold
- Thread starter Frequency1
- Start date
Ugghhhh, every one of these bible thumping acquisitions is another nail in FM radio's coffin. Same happened with shortwave and is well underway with the death of AM too.
So true. I find myself very much disinclined to listen to terrestrial radio any more, simply because there is nothing compelling left on air. SiriusXM has better content, and online streaming (global stations like Radio Caroline - radiocaroline.co.uk, and domestic like KNXFM93.com) are far superior.
I find myself listening to conventional radio less often because of the lack of variety these days. I listen to a lot of iHeart Radio and also listen to the various single station apps such as 99-5 KZ Country out Hays, Kansas.
Maybe for you. There is obviously a big market for this kind of radio. They have lots of expendable cash, they're not borrowing from investment companies, and they get decent ratings in some areas. The benefit to commercial broadcasters is it means fewer slices of a diminishing ad pie. So the potential is more money.
But my view is where are all the music lovers and rich musicians? Why aren't they buying radio stations? The radio dial would be much better if the people who listen to radio would band together and buy a few stations. It happened in Seattle. Why not SF?
Wouldn't music radio be non-profit outlets in some places and on LPFM's at this point?
Switching KREV to "bible thumping" may actually fill a hole in San Francisco's FM market. S.F. hasn't had a pure-religion FM since KEAR moved to AM decades ago.
I'm skeptical if this particular variant of Christian radio has a large potential loyal audience or donor base in these markets. EMF I get, it's professional, contemporary and music focused. VCY is.. well, to put it mildly, probably outside the tastes of even most of California's evangelicals.
I see what you mean. One of their hosts is saying the presidential election is still in doubt:
U.S. Presidency Hanging in the Balance – VCY America
Could have been worse; a government propaganda mill such as National Panhandler Radio. We dodged a bullet!
FYI they don't own any radio stations. In fact they're prohibited by law from owning radio stations.
Thanks Big A, I was not aware of that! My reply was more intended to the redundancy of programming on an already crowded FM dial. It would be refreshing to see more stations wind up in the hands of independent owners providing product not carried in the market that can of course make them a few bucks to maintain the facility and a few staffers to keep it running well.
I agree. These three stations were basically sold at auction. Anyone could have bought them. There are a lot of rich people living in the bay area. You'd think a few of them could have pooled their money. Three stations for $6 million. That's not a lot of money for radio stations. But I guess no independent owners want to buy radio any more. So it goes to a religious group.
The SF station has enormously limited signal coverage. The Coachalla Valley one is on hills far to the east near the Salton Sea, and most of the population covered is predominantly Spanish speaking Hispanic. The Las Vegas one is fairly good, so what they are getting one good one and two really inadequate ones. The price seems very high.
However, Stolz bought Las Vegas from Beastly in 2009 for... get this... $15.2 million along with a worthless AM (KBET 790). So Stolz has lost well over $20 million on this whole affair.
Stolz is one of the examples I like to refer to when people talk about the "good old days" with owner operators. Yeah, Richard Eaton, Don Burdon, Max Richmond, and the beat goes on.,
That's why they got it. I'm sure the receiver had other offers. But this is the one that won.
They didn't win because of all the community service they proposed to provide. They didn't win because of all the quality programming they'd do. They didn't win because of all the local people they'd hire. None of that mattered. Just the money.
Don't think I've heard a station use that as their slogan, but it does have a unique quality to it.
While the $6m price tag seems high for these stations, a tip of the fez to Broker/Receiver Larry Patrick for making sure music publishers got the money Crazy Ed Stolz never paid them, plus their legal fees. Patrick was also adequately compensated for running Stolz's rag tag operation: $7,500 a month salary plus 5% of the first 3 million and 2% of anything above that in the sales price. That's $210,000 in commission alone.
Now Ed can spend his days tilting at desert windmills from his stand alone AM in Las Vegas.
Hope someone here record the sign off of KREV
Pay-To-Play Allegations Surface In Fight Over Stolz Stations.
The ongoing battle for control of three FMs owned by Ed Stolz’s Royce International Broadcasting has exposed what could be violations of federal payola rules. In a sworn statement to
So today's the big day - in one hour will Stlz go to jail or not?
I was just going to post the same question or did he pull off a hail mary?
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