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December 7, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Kenneth J. Roberts, the former concert promoter who built KROQ-FM in Los Angeles into a rock radio giant before selling it for a then-record $45 million in 1986, has jumped back into the local broadcast scene with the acquisition of two small FM stations. Roberts said Thursday that he has agreed to purchase KOCM-FM in Newport Beach and its sister station, KSRF-FM in Santa Monica, for $17.7 million. The two stations, both broadcasting at the same frequency--103.
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BUSINESS
December 7, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Kenneth J. Roberts, the former concert promoter who built KROQ-FM in Los Angeles into a rock radio giant before selling it for a then-record $45 million in 1986, has jumped back into the local broadcast scene with the acquisition of two small FM stations. Roberts said Thursday that he has agreed to purchase KOCM-FM in Newport Beach and its sister station, KSRF-FM in Santa Monica, for $17.7 million. The two stations, both broadcasting at the same frequency--103.
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