The unloading of KNIT is official

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CAwasinNJ
Administrator

Posts: 4,611
Usual Listening Area: Central Davis County

The unloading of KNIT is official Dec 29, 2020 16:58:17 GMT -6

Post by CAwasinNJ on Dec 29, 2020 16:58:17 GMT -6

All Access is reporting that Vic Michael is selling KNIT 1320 to the company that's been running it since April 2019. The filing isn't showing yet in the FCC database, but AA says the purchase price is $200,000. That's twice what he bought it for, but doesn't take into account the rebuilding of the site now shared by KNIT and KJJC.

I wish I knew what to make of that. I wouldn't even be able to hazard a guess whether he turned a profit on it. At least the station stayed around and should see its 100th anniversary on May 8 2022. Do we think we've seen the last of Vic Michael in the SLC area for a while? I think anything's possible.

Last Edit: Dec 29, 2020 16:59:01 GMT -6 by CAwasinNJ

David
Titanium Level Member

Posts: 1,962

The unloading of KNIT is official Dec 30, 2020 10:58:06 GMT -6 via mobile

Post by David on Dec 30, 2020 10:58:06 GMT -6

If Barry Wood can get all the legal entanglements related to KMRI resolved in the near future, I wouldn't be surprised if Vic Michael shows interest in buying the license. Rebuilding "orphaned" AM stations seems to be Michael's forte, and I don't think 1320 and 1230 are the first stations he's resurrected. But if Wood already has plans to keep the license and have the station rebuilt per his specifications, then all bets are off.

"Tubes Are Good."