Religious noncom Family Radio will not be abandoning the market – the group will still have an FM there – but it will generate some cash by selling its Sacramento AM station. Broker: Ben Griffin, Griffin Media Brokers.
The station is KEBR-AM.
Family Stations Inc. is headed by President Thomas Evans.
The buyer is Spice Radio Inc., headed by CEO Charanjit Singh Batth. President and 10% shareholder Sukhdev S. Dhillon signed off on the paperwork.
Spice Radio is a for-profit operator, so the deal swims against the tide that is tending to carry commercial stations into the noncom world rather than the other way around.
The price is $600,000 cash.
Compensation for Griffin will be provide equally by both the buyer and the seller.
Spice Radio holds no other licenses. Two of the shareholders have interests in other broadcast facilities, but not in the Sacramento market.
Family Stations retains the rights to the call letters. It also retains a presence in the Sacramento market via its KEAR-FM
KEBR-AM is licensed to Rocklin CA. It’s a Class B on 1210 kHz with 5 kW-D, 500 W-N, DAD.
