Liberman selling KHJ-AM

By on Aug, 3 2014 with Comments 0

LBI / Liberman Broadcasting, Inc.Liberman Broadcasting is selling Ranchera KHJ-AM LA to Immaculate Heart Radio for $9.75 million. The deal includes $9.25 million cash and $500,000 in a promissory note with annual interest payments at 5% per annum.

Noted RadioDiscussions.com readers: “The historic KHJ call letters will remain. Immaculate Heart Radio’s Los Angeles page says that the station’s signal “reaches over 14,000,000 daytime listeners.” It should say ‘14,000,000 potential daytime listeners.’…It really should say ‘reaches just under 8,000,000 potential listeners daytime, and 5,000,000 at night.’ The useful 10 mV/m signal in the daytime, from the new site, barely covers half of the LA radio market…This station is being funded by generous donors in the Los Angeles area, but we are not yet fully funded for this station. Immaculate Heart Radio is asking for help from Catholics in the Los Angeles area for the remainder of the funds needed to launch this radio station. Can you help?”

See daytime and nighttime coverage:

KHJ_AM_LD

KHJ_AM_LN

About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

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