Back in 1990, Liberman Broadcasting paid $23 million for AM radio stations KHJ in Los Angeles. KHJ is only a class B station running 5,000 watts and only solidy covers the city of Los Angeles, and Catalina Island out in the ocean. The station has recently been running Regional Mexican music (Sombrero music)
Today’s news is that The Immaculate Heart Catholic lay group has offered $9.7 million to buy the station – so in 24 years, Liberman lost more than half of the price they paid (not even factoring in inflation) and are lucky to be getting this deal. Jesus doesn’t have a price too high to pay.