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San Fransico's Engery 92.7 Sold
Here's More evidence of just how far major market prices have fallen. Four years ago, Flying Bear Media paid Marathon Media $33.7 million for Alameda Class A "Energy 92.7" KNGY/ Ed Stolz Golden State Broadcasting will pay just $6.5 million.
Stolz may keep KNGY's niche dance format in-place sinec it'a a lot easier to do with a bargain basement purchase price.  It's the second deal in two months for Stolz who last month struc a $15.25 million agreement to buy three Las Vegas stations from Beasley Broadcast Group.  Brokers Michael Bergner for Stolz and Media Venture Partners (for Flying Bear).