USC picks up San Jose FM


$7.5M KCNL-FM San Jose CA (Sunnyvale CA) from Principle Broadcasting Network of San Jose LLC (Charles W. Banta et al) to University of Southern California (Brenda Barnes et al). $1.5M escrow, balance in cash at closing. LMA until closing at seller’s discretion. Buyer will take the station non-commercial. [FCC file date 3/30/12]