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 Fernando 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