GenCorp has transferred ownership of its Frisco radio station KFRC-AM to Bedford Broadcasting Co. – a move that winds up GenCorp’s exit from the broadcasting business.
GenCorp’s broadcast business was dealt a serious blow by 23 years of litigation over licensing disputes between RKO General Inc., the Gencorp subsidiary that operated KFRC, and the Federal Communications Commission.
Most notable were problems involving former RKO station KHJ-TV Los Angeles, now Disney’s KCAL-TV. In the late ’80s, that station was forced to air a huge of public affairs programming, which crippled its already unhealthy ratings.
As a result of costly legal disputes, GenCorp and RKO, which had been in the broadcasting biz since the ’30s, scaled back operations and refocused its businesses on aerospace/defense, automotive and polymer products.
A series of unspecified interrelated proceedings involving RKO stations were terminated by the FCC at the completion of the KFRC transaction, according to GenCorp.