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Principle Closes on KLOK/San Jose for $7.65 Million
Principle Broadcasting Network has closed on its acquisition of 50kw KLOK-AM (1170)/San Jose from Univision Radio for $7.65 million. Buffalo, NY-based Principle specializes in multi-ethnic based media and has operations in New York, Boston and Dallas. KLOK's "Radio Cadena" format moved to Univision's KBRG-FM's HD2 multicast channel last summer.
Kalil and Co. was the exclusive broker for this transaction. (11-16-09)
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