Foundation to sell 87-year old commercial classical radio station

KDB in Santa Barbara, Calif., one of the few remaining commercial classical radio stations, has been put up for sale by the foundation that has been operating it at six-figure losses for several years. Directors of the Santa Barbara Foundation, which has owned the license to broadcast on 93.7 FM for the past decade,  voted unanimously to sell the station, according to the Santa Barbara Independent. The station broadcasts on a commercial frequency, but the foundation opted to retain Public Radio Capital, which specializes in signal expansion for noncommercial public radio stations, to broker the sale. “As much as we love KDB, it isn’t our core mission,” said Ron Gallo, foundation c.e.o., during a public meeting at which the sale was announced. The meeting was “attended by a who’s who of the South Coast arts scene,” according to the Independent’s news account, and the mood in the room was “tense.”