JOURNAL TO SELL KCID, KGEMDon @ IdahoRadioNews | July 21, 2009
The Associated Press reports Journal Communications has agreed to sell KCID-AM and KGEM-AM. The buyer is listed as Salt and Light Radio — the same group that purchased KDJQ last year, before the deal with owner Rob Coombs fell through.
The surprise here might be the small price tag: Just $950,000 for both frequencies.
This will be the second shift in Journal’s Boise concentration of assets this year, after the acquisition of KNIN-TV. Journal will now be made up of KIVI-TV, KNIN-TV, KRVB/Idaho’s 94.9 The River, KTHI/107.1 K-Hits, KJOT/J-105 and KQXR/100.3 The X.
This will mark the separation of two pairs of long-time assets — KCID-AM and KTHI-FM used to share call letters, and KJOT-FM and KGEM-AM were also paired as an AM/FM combo dating back to the 1980s.