Audacy, the audio content creation and distribution company, has sold an AM radio station.
It’s at 1550 kHz and serves Northern California. And, it happened to be the home of the company’s LGBTQ+-focused music and entertainment digital multicast format.
The company is selling KGMZ-AM in San Francisco.
The buyer? KGMZ-AM is going to Factorial Broadcasting. The price: $495,000.
Audacy’s LGBTQ+ “Channel Q” network had been airing on the station. A Time Brokerage Agreement ahead of closing is in place. As such, Factorial has flipped the station to “Radio Zindagi” — a Hindi-language South Asian format that will likely share audience with KSJO-FM 92.3 in San Jose, which is being acquired by two company executives in a partnership with a local businessman.
KGMZ also operates on an FM translator included in the deal: K257GE (99.3 FM).
Interestingly, “Radio Zindagi” was previously heard on KSJO’s HD2 signal. But, if anything, it is a return for the Hindi format to a station known as KZDG until 2018. For seven years before that, the Class B AM was the home of “Zindagi.”
— Rob Dumke, in Akron, Ohio. Edited by Adam R Jacobson