Four Petitions Challenge KFUO Sale: All the Petitions Question the Ability of the Proposed Buyer, Gateway Creative Broadcasting, Inc., to Raise the Capital Necessary. Another Aspect That Could Raise Some Eyebrows at the FCC Is the Provision That the Classical Music Format Would Be Moved to the Station's HD2 Channel

Absher, Frank, St. Louis Journalism Review

The proposed sale of St. Louis' KFUO-FM "Classic 99" is now in the hands of the Federal Communications Commission, along with three petitions to deny the transaction. The likelihood of such a denial, says a noted communications attorney, depends on the ability of the buyer and seller to address two specific complaints.

As was ably reported by Sarah Bryan Miller of the St. Louis Post-Dispatch on stltoday.com, the four petitioning groups are The Committee to Save KFUO-FM, the Radio Arts Foundation, and two local citizens' groups. All four petitions question the ability of the proposed buyer, Gateway Creative Broadcasting, Inc., to raise the capital necessary to complete the purchase. Financial information provided to the FCC by Gateway shows a deficit in the past two years of operations for its current radio stations, and the group has recently resorted to direct mail pleas for donations to fund its proposed …

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Publication information: Article title: Four Petitions Challenge KFUO Sale: All the Petitions Question the Ability of the Proposed Buyer, Gateway Creative Broadcasting, Inc., to Raise the Capital Necessary. Another Aspect That Could Raise Some Eyebrows at the FCC Is the Provision That the Classical Music Format Would Be Moved to the Station's HD2 Channel. Contributors: Absher, Frank - Author. Magazine title: St. Louis Journalism Review. Volume: 39. Issue: 316 Publication date: November-December 2009. Page number: 16+. © 1999 SJR St. Louis Journalism Review. COPYRIGHT 2009 Gale Group.

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