Radio Facts: San Francisco's gay-oriented radio station has been sold after five years of broadcasting, the San Francisco Chronicle reported.
KNGY, Energy 92.7, owned by Flying Bear Media, was sold in August for a reported $6.5 million to Golden State Broadcasting, according to rbr.com, a website devoted to radio and television business news.
New owner GSB took control of the station on Thursday evening and dismissed the staff of about 35, the paper reported. The new station is called “the Rev FM,” as in revolution. The purchase transformed KNGY from a high-energy dance station to KREV, a mainstream Top 40 broadcaster.
KNGY employed openly gay DJ's, supported GLBT causes, and relied heavily on advertisers looking to reach the gay community.
“The station lasted five years,” Jason Dahlstedt, producer of KNGY's Fernand o and Greg in the Morning show, told the paper. “When it launched, everybody said it wouldn't make it past a year.”
Golden State Broadcasting is headed by Edward R. Stolz II, who also owns stations in Palm Springs and Las Vegas.
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