Newspaper article St Louis Post-Dispatch (MO)

Larry Rice Sells KNLC Television Station for $3.75 Million

Newspaper article St Louis Post-Dispatch (MO)

Larry Rice Sells KNLC Television Station for $3.75 Million

Article excerpt

After 35 years operating as a locally owned television station, the Rev. Larry Rice's KNLC (Channel 24) is being sold to a Wisconsin company.

According to filings with the Federal Communication Commission, TV-49 Inc. will pay $3.75 million to buy the independent station from Rice's nonprofit New Life Evangelistic Center Inc.

The station has broadcast secular programming, liberally interspersed with Rice's religious sermons and calls to social activism, since it first hit the airwaves on Sept. 12, 1982.

The sale does not include Rice's property at 1411 Locust Street in downtown St. Louis a building that had been used as a homeless shelter for years until it was closed in April by St. Louis city officials.

The shelter stood as a source of contention between Rice and his followers on one side and city officials and downtown property owners on the other.

Rice said the sale, which consists mainly of the frequency bandwidth and tower and transmission equipment in House Springs, was sparked by the shelter's closing and his need to raise more money to help the needy.

"Given the drastic cutbacks in state funding, if we didn't make this move at this time, there would be tremendous human suffering on the streets," Rice said in a telephone interview.

"With the shelter closed, we have to find (homeless) people housing, and that costs more money" than having them stay at the Locust shelter, he said. …

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