One of the oldest and best radio stations in Los Angeles has been sold to a Chinese Language station! The fab station historically known for playing old school Hip Hop and West Coast music, will be no longer. 93.5 has traditionally been a favorite stop for artist and listeners who were excited that the station cared more about playing good music, then about playing the same top 40 songs hour after hour.
According to HipHopWired:
The change comes by way of a more than $19 million sale from KDAY owner, Magic Broadcasting, to RBC Communications.
Radio Insight reports:
Magic Broadcasting has agreed to sell Classic Hip-Hop “93.5 KDAY” KDAY Redondo Beach/Los Angeles and KDEY Ontario/Riverside to RBC Communications for $19.5 Million.
Look for a flip to a Chinese format to accompany the sale. Phoenix Satellite Television, a British Virgin Islands based company which operates 6 cable networks in China owns a 20% stake in RBC. Anthony Yuen holds the other 80% through his RBC Investments LLC.
This is the second attempt made to sell the KDAY/KDEY combo. A 2010 sale of the stations to SoCal935, Inc for $35 Million never closed.
KDAY’s resurrection came after the death of its predecessor of the ’70s and ’80s, KDAY AM 1580.
The new KDAY played a variety of R&B and Hip-Hop, but became prominent as an outlet for West Coast music.
This stinks. We will miss you KDay.