Patrick Cleary’s Lost Coast Communications Inc. is preparing to add a fourth California station to its portfolio, according to brokerage Kalil & Co., with an agreement to acquire KXGO-FM Eureka CA in hand.
The seller is Redwood Broadcasting Company Inc., headed by Pattison Christensen. It retains one other FM station in the northern coastal California area, which is where Eureka is located.
KXGO-FM is part of the Eureka-Arcata market, which gets its ratings from Eastlan. The station is a Class C with 50 kw and a 1,667’ HAAT antenna.
Terms of the deal were not released.
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.
