×
You will be redirected back to your article in seconds

Alliance buying S.F. radio stations

Walnut Creek-based Alliance Broadcasting has agreed to buy KFRC-AM and FM radio station from Lafayette developer Peter Bedford.

Alliance has signed a letter of intent with a Bedford-controlled company, Coast Broadcasting Co., to buy the San Francisco stations.

Terms were not disclosed.

KFRC-AM, known as “Magic 61,” plays popular music dating back to the 1940s. KFRC-FM plays music from the ’60s and ’70s. A spokesman for Alliance, which owns or operates two stations in Dallas and another in Detroit, said the company has no immediate plans to change station formats.

Don Lorenz, executive VP for Bedford Properties, said Bedford decided to sell the stations partly because of new rules governing station ownership, and also because of ill health.

Bedford paid $ 26.5 million for the two stations two years ago.

More News

  • Lisa Borders Time's Up

    Time's Up President Lisa Borders Resigns

    Lisa Borders has resigned as president of Time’s Up, she and the organization announced on Monday. Borders is resigning due to family issues, she said in a statement. Time’s Up COO Rebecca Goldman will now serve as interim CEO. “As Time’s Up continues to grow, I am proud of the work I have done to [...]

  • Inside Amazon's New Feature Film Strategy

    Amazon's New Film Strategy: Straight-to-Service Titles and Starry Sundance Buys

    It was close to midnight when Amazon Studios chief Jennifer Salke got the text. The company had failed in its quest to acquire “Brittany Runs a Marathon,” a body image dramedy that captivated Salke when she saw it at Sundance. A sales agent on the project messaged her to say that a competitor offered a [...]

  • Alfonso Cuaron71st Annual Writers Guild Awards,

    Alfonso Cuarón on Academy's 'Inevitable' Reversal on Televised Oscar Categories

    Alfonso Cuarón isn’t exactly surprised that the Academy reversed its decision and will now air all the Oscar categories during the live show on Sunday. Feb. 24. Calling the decision “inevitable,”Cuarón tells Variety that he thinks the Academy should take things even further. “Let’s stop calling them technical categories!” he told Variety on Sunday night [...]

  • TorinoFilmLab Announces Selections for 2019 ScriptLab

    TorinoFilmLab Announces Selections for 2019 ScriptLab (EXCLUSIVE)

    The TorinoFilmLab has announced the 20 feature projects and five story editor trainees who have been selected to take part in the 2019 edition of ScriptLab, an initiative focused on the development of fiction feature film scripts in early development stage. Beginning in March, this year’s participants will team up with filmmakers from around the [...]

  • Desus Nice The Kid Mero

    TV Shows to Watch the Week of Feb. 18, 2019: Academy Awards, 'Desus & Mero'

    Welcome back to Tune In: our weekly newsletter offering a guide to the best of the week’s TV. Each week, Variety’s TV team combs through the week’s schedule, selecting our picks of what to watch and when/how to watch them. This week, the Academy Awards air and Desus & Mero make their debut on Showtime. [...]

More From Our Brands

Access exclusive content