Sale of Radio Station KFUO Finalized
According to a story by Sarah Bryan Miller published today by the St. Louis Post-Dispatch, the sale of radio station KFUO (99.1 FM) by the Lutheran Church-Missouri Synod to Gateway Creative Broadcasting will become final in March.
Gateway, which currently operates two FM stations on the outskirts of St. Louis that play Christian contemporary music, will pay $18 million for KFUO and according to the story was the only prospective buyer allowed to submit a bid. The transaction still must be approved by the Federal Communication Commission, which would seem to be a mere formality at this point.
The deal is of interest to local jazz fans because in addition to being the St. Louis area's only classical music radio station, KFUO for the last 18 months has been the home of Don Wolff's long-running program I Love Jazz, which airs Fridays from 8:00 p.m. to midnight. You can read Miller's story in its entirety here.
Gateway, which currently operates two FM stations on the outskirts of St. Louis that play Christian contemporary music, will pay $18 million for KFUO and according to the story was the only prospective buyer allowed to submit a bid. The transaction still must be approved by the Federal Communication Commission, which would seem to be a mere formality at this point.
The deal is of interest to local jazz fans because in addition to being the St. Louis area's only classical music radio station, KFUO for the last 18 months has been the home of Don Wolff's long-running program I Love Jazz, which airs Fridays from 8:00 p.m. to midnight. You can read Miller's story in its entirety here.
