KXLY Radio, TV Stations Sold (Spokane Daily Chronicle)
Spokane Daily Chronicle
Sale of Spokane radio station KXLY and television station KXLY-TV was announced here yesterday.
Ed Craney, president of the XL chain of stations, said purchasers are Northern Pacific Radio Corporation and Northern Pacific Television Corporation.
The sale, reportedly for $1,723,000, is subject to the approval of the Federal Communications Commission at Washington, D.C.
Craney, who with Bing Crosby was one of the principal owners of the station, said he would continue to make his headquarters in Spokane.
“Spokane is the natural location for handling all advertising sales for the XL chain,” he said.
Radio stations in the organization are in Portland, Butte, Helena, Bozeman and Great Falls, and a television station in Butte.
Both purchasing firms, Craney said, are Washington state corporations owned by Joseph Harris and Norman Eisenstein of New York and Richard E. Jones, who moved to Spokane from Detroit last June.
Jones to Manage Both
Jones, former vice president of the Storer Broadcasting chain, operating in the east and south, will manage both the Spokane stations, Craney said.
The transaction, one of the large radio and television “package” deals of recent years, was handled by the Blackburn-Hamilton Brokerage Company with offices in Chicago, Washington, D.C. and Los Angeles.
Tuesday, December 1, 1953