12/4/10, "The A's
and two other interests
-- a group of Spanish radio brokers and a deep-pocketed religious broadcast company, (Principle Broadcasting
) are the finalists to buy KTRB
Radio, (860AM) the current flagship station of the Athletics and Stanford
football, which went into receivership last September and
- is only moderately functional.
The information, obtained by a reliable local broadcast source, indicated that a decision on
who would ultimately win out might be known
The source requested anonymity due to the nature of the information.
Various industry sources have placed the price of KTRB at roughly $12 million
, including assumable debt.
The A's are eagerly trying
to acquire the station, but reportedly do not want to "overpay
" at any cost. It is well known that the other investors, notably the religious-oriented Principal group have the available financial means to overpay
for a station
One thing is certain: The A's would like to have their radio broadcast situation handled as soon as possible. Throughout the past decade, the team has been all over the dial and the potential possibility of
, "The A's need to get serious" about getting a radio station
Labels: Oakland A's among 3 finalists to buy KTRB 860AM, sale expected within weeks