5-24-12
The Houston Chronicle is reporting that David Gow's Gow Communications, which currently owns KGOW-AM and Yahoo Sports Radio, will pick up KFNC-FM and operate the FM station as an ESPN Radio affiliate. Radio Ink spoke to both Gow and broker Larry Patrick earlier this week, and both said nothing would be made official about the deal for another 30 days.
Cumulus placed several stations into a prepackaged bankruptcy proceeding last year. Boker Larry Patrick won a majority share of the stations, and this FM was a not a station Cumulus was particularly interested in keeping in its cluster. There has been speculation for weeks that Gow would be getting KFNC, but neither side wanted to announce until the ink was dry. That is, until the Chronicle ran the story yesterday. You can read it HERE.
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