Thursday, July 16, 2009

SF's "Energy 92.7" sold for $6.5 million

Radio Insight and Radio Online are reporting that Ed Stolz has purchased KNGY-FM "Energy 92.7," a dance music station targeting the gay community, for $6.5 million. The seller is Flying Bear Media headed by Joe Bayliss, which bought the station in 2004 for $33 million. The station's Russian Hill transmitter broadcasts at 3,600 watts, which sends the signal about as far south as San Mateo. Stoltz will take over the station via a local marketing agreement on Sept. 13 if the sale has not closed by then.


Anonymous said...

$33m to $6.5m? Are those numbers right? Somebody took a haircut!!!

Anonymous said...

Gay communinty? Is that the way they spell it now?