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KSCO (again)

K.M. Richards

K.M. Richards

Program Director, The Eighties Channel™
Michael Zwerling has listed KSCO and KOMY in Santa Cruz again.

This time he is asking $8.9 million, considerably more than the $1.5 million he was asking back in 2022 after his $20,000 forfeiture to the FCC for operating at night 1kW-ND, as opposed to its licensed 5kW-D.

This time, according to Inside Radio, he is admitting that the property is worth more than the radio stations.

www.insideradio.com

Radio Owner Puts California Coastline Stations And ‘Unique’ Property On Market.

Michael Zwerling, owner of Santa Cruz, CA’s KSCO and KOMY, is selling both stations along with their coastline property for $8.9 million. The buyer gets not only the stations but
www.insideradio.com www.insideradio.com
 
K.M. Richards said:
Michael Zwerling has listed KSCO and KOMY in Santa Cruz again.

This time he is asking $8.9 million, considerably more than the $1.5 million he was asking back in 2022 after his $20,000 forfeiture to the FCC for operating at night 1kW-ND, as opposed to its licensed 5kW-D.

This time, according to Inside Radio, he is admitting that the property is worth more than the radio stations.

www.insideradio.com

Radio Owner Puts California Coastline Stations And ‘Unique’ Property On Market.

Michael Zwerling, owner of Santa Cruz, CA’s KSCO and KOMY, is selling both stations along with their coastline property for $8.9 million. The buyer gets not only the stations but
www.insideradio.com www.insideradio.com
Click to expand...

I'm astonished someone didn't give him the $1.5 million, take the stations dark and redevelop the property four years ago. I have to wonder if zoning or environmental regulations (the property backs up onto Corcoran Lagoon) are an issue.

He'll never get $8.9 million.
 
Wobblestein said:
Wow, that station is still kicking? I’ve been in Israel for the past several years and it was on its last leg when I left.
Click to expand...

I still think it was a small miracle he survived that NAV in 2000 which I linked to in my original post.
 
K.M. Richards said:
Michael Zwerling has listed KSCO and KOMY in Santa Cruz again.

This time he is asking $8.9 million, considerably more than the $1.5 million he was asking back in 2022 after his $20,000 forfeiture to the FCC for operating at night 1kW-ND, as opposed to its licensed 5kW-D.

This time, according to Inside Radio, he is admitting that the property is worth more than the radio stations.

www.insideradio.com

Radio Owner Puts California Coastline Stations And ‘Unique’ Property On Market.

Michael Zwerling, owner of Santa Cruz, CA’s KSCO and KOMY, is selling both stations along with their coastline property for $8.9 million. The buyer gets not only the stations but
www.insideradio.com www.insideradio.com
Click to expand...
At least he cleaned up the place for the current real estate listing. Looks a lot better than the YouTube walk-through someone posted several years ago.
 
Includes separate, recently remodeled toilets for men, women and engineers. 🤣

A friend who's been out of radio for decades came across a story about the Zwerling listing, saw the listing price and laughed himself silly. He doesn't live that far away, and thinks Zwerling is delusional. We also agree that Zwerling must be grandfathered against current Coastal Commission regulations, and any subsequent owner isn't likely to retain that grandfathering without a massive (and expensive) fight. The neighbors are probably lining up already.
 
Weiserguy said:
Includes separate, recently remodeled toilets for men, women and engineers. 🤣

A friend who's been out of radio for decades came across a story about the Zwerling listing, saw the listing price and laughed himself silly. He doesn't live that far away, and thinks Zwerling is delusional. We also agree that Zwerling must be grandfathered against current Coastal Commission regulations, and any subsequent owner isn't likely to retain that grandfathering without a massive (and expensive) fight. The neighbors are probably lining up already.
Click to expand...
So, engineers have their own restroom... 😂
 
Wobblestein said:
Wow, that station is still kicking? I’ve been in Israel for the past several years and it was on its last leg when I left.
Click to expand...
I was just listening to it yesterday. A few minutes of dead air at the top of the hour, herky-jerky animation and whack-a-doodle callers, even by Santa Cruz standards. It doesn't sound professional, but it was certainly entertaining!
 
Wobblestein said:
So what will happen to this station? No more Dave Michaels?
Click to expand...
Um...fron the article linked in the first post of the thread:

Zwerling tells SFGate that he’s ok with the possibility that a new, and potential Silicon Valley, buyer may not want the radio stations, and argues that the property could be used for another business, suggesting it could be an “ideal site for [an] Artificial Intelligence research center.”
Click to expand...

Pony up the cash, and you can continue the effort of losing money on this.

As noted in both this thread and the other lengthy thread on the topic, gonna take quite the effort - and funds - to fish those towers out of the swamp and remediate it if one was to turn in the license and walk away.
 


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