LOS ALAMOS, CALIF. — The Santa Ynez Valley, sandwiched between San Luis Obispo and Santa Barbara, is known for its sprawling vineyards and bucolic towns attracting wine lovers and outdoor enthusiasts.
Serving this region is a Class A FM that has been owned by Knight Broadcasting. Pending FCC approval, that’s about to change.
In a $300,000 transaction, Knight is selling KRAZ-FM 105.9 in Santa Ynez, Calif., to Stefan Carpenter-led Santa Ynez Valley Media.
The buyer is a 49%-51% partnership between Carpenter, a local real estate agent, and Erron Vela.
A $30,000 deposit has been made to Knight in this transaction, which does not involve a broker.
Knight has owned KRAZ, which airs a Country format, since 2001, when it paid $325,000 for the station that signed on the air in 1993.
RBR+TVBR RELATED READ:
Central Calif. Radio Station Owner Dies In Paragliding Accident
