EMF / K-Love / Air1 leaving California

https://www.tennessean.com/story/news/religion/2021/03/24/parent-company-of-christian-radios-k-love-and-air-1-moving-to-nashville/6973101002/

EMF is one of the few radio operators making money, in a non-profit sense. The K-Love and Air1 networks are almost as big as NPR or Clear Channel.

They have decided to relocate from Rocklin California to Nashville, Tennessee

As of year end 2019, EMF had about $120 million in its war chest to buy more stations. It has about $50 million in long term debt.

https://www.klove.com/about-us/finances

Their operations in 2019 brought in about $208 million, with net not-profit of $82 million

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