Children of late KQV-AM radio co-owner Robert W. Dickey have entered into an agreement to purchase the 700 majority shares of company stock owned by newspaper publisher Richard Mellon Scaife.
Robert Dickey Jr. and his sister, Cheryl Scott, recently applied for a "consent to transfer" with the Federal Communications Commission.
The holdings represent roughly 70 percent of Calvary Inc., which was established in 1982 when Mr. Dickey Sr. and Mr. Scaife purchased KQV from Taft Broadcasting and decided to keep its all-news-all-the-time format.
"We're kind of thrilled by it," said Robert Dickey Jr., the station's co-owner/general manager. He, Ms. Scott and their siblings inherited their father's shares after his death in late 2011.
Of the late Mr. Dickey's 12 children, his son and Ms. Scott are the only ones employed by KQV. So with the family's blessing, they put in the bid to purchase the shares. Mr. Dickey declined to put a dollar value on the sale.
"It [the station] has been run kind of like a family operation for the longest time," said Mr. Dickey, adding that attorney Terry Slease is also a shareholder.
Mr. Dickey and Ms. Scott incorporated 22 MIN LLC last year. The company's title refers to KQV's motto: "Give us 22 minutes, we'll give you the world."
"We have some good people who have worked here for 30-plus years and we want to assure our listeners who have been with us since '75 on this frequency. We have kind of etched out a nice niche in this marketplace and we want to keep that going," he said.mobilehome - breaking - businessnews - tvradio
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