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KUZZ: Owensto keep his radio stationsContinued from A1liave not been finalized because it is still unclear which employees w ill stay at Owens’ radio station. In fact, he said, FCC regulations do not allow any changes to be made until a station transfer is approved.“For the foreseeable future, we have no plans to make changes,” Wortsman said.Buck ()wems bought the TV' station out of bankruptcy from lus late sister, Dorothy Owens, in 1990 for $4.5 million. Dorothy Owens opened the station, then known as KDOB, in 1988.Univision’s initial offer to Owens Productions of $12 million was rejected, but when the LA network upped the ante, the Owenses felt compelled to act. The $9.5 million profit means Buck Owens, whose $0.7 million Crystal Palace saloon-museunt opened in October 1996, tripled his money off the 1990 acquisition.“This is a great move for Univision,” Mel Owens said. “And it can be a good thing for Bakersfield TV views, too. Univision is big — they’re major players who can bring in some syndication.” ji
Newspaper Details
Bakersfield Californian
Bakersfield, California, US
Sat, Jun 28, 1997
Page 2
Full Page
Clipped by
Sammi B.
NA 15 Apr 2024
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Kern County Californian
Daily Californian
