FCC approves sale of KFUO-FM

I know some people were hopeful that the FCC would forbid the sale of KFUO-FM. Looks like the sale has been approved.

From the St. Louis Business Journal:

The Federal Communications Commission has approved the sale of St. Louis classical music station KFUO-FM to Joy FM for $26 million.

Exactly when the license will be transferred is not yet known but will happen on a mutually agreed upon date, said Vicki Biggs, a spokeswoman for Lutheran Church-Missouri Synod, which struck a deal last fall to sell the 62-year-old KFUO-FM to Joy FM, a Christian radio station.

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