El Dorado to sell KVEC to American General Media
May 5, 2016
KVEC news talk radio, the oldest radio station on the Central Coast, announced earlier today that El Dorado Broadcasters reached an agreement to sell KVEC to American General Media.
Under broadcasting regulations, the public will now have 60 days to comment about the proposed sale to the Federal Communications Commission. Barring any problems, the sale will be final on July 1.
“AGM stands for a good move,” said radio host Dave Congalton.
In Feb., El Dorado began selling its five Santa Maria and four San Luis Obispo based radio stations. All four stations in Santa Maria sold earlier this year.
Currently for sale are KSLY SLO Country, KSTT Coast and KURQ New Rock.