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American General Media Buys KSTT/San Luis Obispo
RADIO ONLINE | Tuesday, May 31, 2016 |
American General Media (AGM) has agreed to acquire 3.6 kW Hot AC KSTT-FM (101.3 Coast FM)/San Luis Obispo from El Dorado Broadcasting. The sale is expected to be completed on July 1 along with the previously announced acquisition of News/Talk KVEC-AM (920). The transaction will not include the frequency 101.3 FM, which El Dorado will continue to own after the sale.
AGM President Rogers Brandon commented, "We are very excited to add KSTT Coast FM to our group of stations on the Central Coast. El Dorado has done a wonderful job to make Coast FM the gold standard in contemporary music in the market and we are very lucky to add the brand to our outstanding group of stations. We look forward to adding to our group the heritage, the audience share, and the commitment to community service that has long marked the station."
AGM General Manager/San Luis Obispo Kathy Signorelli added, "Coast FM is a perfect fit to our brand mix of stations, digital platforms, and event marketing. The station adds a format and a demographic appeal that perfectly compliments our group. We look forward to working with all of the El Dorado colleagues that have worked to make Coast such a great station."
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