KSFO, the conservative radio fortress at 560 AM on the dial is, according to those in the know, for sale. I mean, like, really, really, for sale.
Of course, everything is potentially for sale. Well, maybe not these guys.
We've been down this road before but people in the business say Cumulus (which owns the radio station) is seriously scouting potential suitors.
For one, KSFO has barely four fulltime staffers (including on-air and off) and a great signal adding to its mass profitability. It could probably fetch well over $10-15 million dollars in the nation's 4th-largest radio market. Furthermore, the revenue generated from the sale could allow Cumulus to acquire some up-front money that could conceivably pay off some small debt. In real terms, the money is but a speck in corporate accounting but it is real money nonetheless.
As usual, we will make inquirers and try to clean up the dust.
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