Loading...
Music Bidness

Sources: KDAY Saved

Comments (0)

By

Tue, Oct 1, 2013 at 3:42 PM

click to enlarge Dre and Snoop will continue to ride - ANDREW YOUSSEF
  • Andrew Youssef
  • Dre and Snoop will continue to ride
In April word came down that beloved gangsta rap oldies station 93.5 KDAY had been sold, and a switch to a Mandarin language format was imminent.

This was devastating news, prompting a eulogy on our pages that now appears to be premature: According to sources who work for the station, the sale is not taking place, and KDAY will continue broadcasting under its current format.

The station's general manager Zeke Chiadez does not deny the news, but says an announcement is premature. "We have been told by the ownership group that they will be getting back to us on any details soon, but I don't have an official statement on whether that's true," he says.

Speculation had been rife for weeks that the $19.5 million deal was in jeopardy. It required FCC approval, and a number of petitioners sought to spike the deal, questioning the buyers' connection to the Chinese government, among other issues. (An FCC spokeswoman, reached before the government shutdown, told L.A. Weekly that the sale's approval was pending.)

A KDAY superfan named Casey Colvin, meanwhile, launched a massive publicity campaign to try to encourage prominent hip-hop stars like Dr. Dre to step in and purchase the station, whose asking price has plummeted in recent years.

One of our sources says the deal fell through because the prospective buyer -- RBC Communications -- has pulled out. Chinese-American investor Anthony Yuen has a majority stake in RBC, with a 20 percent share owned by Phoenix Satellite Television, which operates a half-dozen Chinese TV stations and is based in the British Virgin Islands.

In any case, the station's future is far from settled; owner Magic Broadcasting has been trying to unload it for years. But despite the fact that an oldies hip-hop format is clearly the wave of the future (see the above video), no one seems to be interested in buying KDAY.

Oh well, sucks for the suits. But awesome for us!

See also: Our feature story on the history of KDAY

Like us on Facebook at LAWeeklyMusic.

Top 10 Rap Battles in History

Top 60 Worst Lil Wayne Lines on Tha Carter IV

Five Rappers That Fans Love and Critics Can't Stand

The 20 Worst Hipster Bands

Related Content

Now Trending

  • Made in America Festival: The Best and Worst

    The long-awaited, and oft-controversial, Made in America finally arrived in L.A. over the weekend.  The attendance wasn't fabulous, and John Mayer was performing, so there were two strikes against the Jay-Z masterminded event from the start. Still, there were some pretty baller moments. Here are the best and worst of...
  • The Best and Worst of Burning Man 2014

    Nearly 70,000 people turned out for Burning Man this year, which went down in Northern Nevada this past week, and was not washed away, as feared.  We were there too! Below are the best and worst of what we experienced.  Worst A Woman Dies A woman was struck and killed by an...
  • The Best Los Angeles Metal Shows to See in September

    Thursday, September 11th Barghest Complex Louisiana is known in metal circles for thick-as-molasses sludge metal, but Barghest shows there's some pretty good black metal in that part of the country too. Their newest album The Virtuous Purge is a dark and depressive journey through the more stark aspects of the...
Los Angeles Concert Tickets