The radio holding company constructed specifically to find a home for orphaned radio stations left behind when Clear Channel restructured has faced stiff headwinds in the effort to find new owners. But one of them can now say adios to Aloha – KSJO-FM San Jose has a buyer.
According to brokerage Media Venture Partners, the buyer is Bill Sauer’s Principle Broadcasting. The price has not yet been revealed.
This is not the first time MVP has brought Aloha and Principle together – it also handled the sale of San Jose station KCNL-FM Sunnyvale CA, a $5M deal that was filed with the FCC 11/23/09.
And that was not Principle’s first foray into the San Jose market, that is embedded into the neighboring San Francisco market. Principle’s first acquisition was KLOK-AM San Jose, which it acquired from Hispanic broadcast giant Univision in a $7.65M deal brokered by Kalil & Co. That deal was filed with the FCC 6/2/09.
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