Disney Sells its Last Radio Station for $5 Million
According to a report at TheDesk.net, Disney has sold the last remaining radio station it owned and initially used to broadcast kids programming via the Radio Disney format. The company will, pending FCC approval, sell KRDC-AM, Pasadena to religious broadcaster Calvary Costa Mesa for $5 million. The signal was most recently simulcasting Good Karma Brands’ sports talk KSPN-AM, Los Angeles. The deal will include lease agreements for several broadcast towers that KRDC uses to transmit its programming, as well as a low-power FM translator that covers parts of Pasadena. Read TheDesk.net story here.