KNDI-AM Honolulu is changing hands in a deal made unique by the fact that the buyer is cancelling one promissory note in its favor, and then turning around and writing up another in order to buy the facility.
The seller is Leona Jona’s Broadcast House of the Pacific Inc.
The buyer is Geronimo Broadcasting LLC, headed by Geronimo Malabed Jr. and Nellie M. Malabed.
The price for the station will be $500K. A $50K note in favor of the buyer will be canceled. Geronimo Broadcasting will then pay $100K in cash, and will write its own note in favor for Broadcast House for the remaining $350K.
The station is a Class B on 1270 kHz with 5 kW-U, ND.
KNDI bills its programming as “Voices from Around the World.” Languages heard on the multiethnic station include Ilocano, Tagalog, Hispanic, Cantonese, Mandarin, Vietnamese, Laotian, Okinawan, Samoan, Tongan, Marshallese, Chuukese and Pohnpeian.
