Liberman Broadcasting is selling Ranchera KHJ-AM LA to Immaculate Heart Radio for $9.75 million. The deal includes $9.25 million cash and $500,000 in a promissory note with annual interest payments at 5% per annum.
Noted RadioDiscussions.com readers: “The historic KHJ call letters will remain. Immaculate Heart Radio’s Los Angeles page says that the station’s signal “reaches over 14,000,000 daytime listeners.” It should say ‘14,000,000 potential daytime listeners.’…It really should say ‘reaches just under 8,000,000 potential listeners daytime, and 5,000,000 at night.’ The useful 10 mV/m signal in the daytime, from the new site, barely covers half of the LA radio market…This station is being funded by generous donors in the Los Angeles area, but we are not yet fully funded for this station. Immaculate Heart Radio is asking for help from Catholics in the Los Angeles area for the remainder of the funds needed to launch this radio station. Can you help?”
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