Principle creates San Jose AM-FM combo

Multi-ethnic specialist Principle Broadcasting Network has closed on its acquisition of KCNL-FM in the San Jose CA market. The seller was the Aloha Station Trust which is working on behalf of Clear Channel to move stations which lost grandfathered status when the group was transferred to equity investors.

According to brokerage Media Venture Partners, the price was $5M.

Principle is already active in the market with KLOK-AM.

Principle President/CEO Bill Saurer said, “Principle will operate KCNL-FM with an International Spanish language format and broker the time to local Hispanic communities in the Bay Area.”

RBR-TVBR note: Now available RBR-TVBR’s ‘2010’ new guide to help chart a course through the treacherous waters of buying, owning and selling radio or television stations.

Click to purchase:  "Profitably Buying and Selling Radio Stations," or 1-800-288-4677, ext. 5022 for $49.95, paperback, $39.95, e-book.

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