(AllHipHop News) The 25 year-plus reign of West Coast radio station 93.5 KDAY was almost discontinued after reports in April of the station being sold to RBC Communications. However, according to AllHipHop sources, the legendary station will not be sold and the old school Hip Hop format will continue.
KDay's general manager, Zeke Chiadez did not refute nor confirm these reports with LA Weekly but did say that the wheels are in motion:
We have been told by the ownership group that they will be getting back to us on any details soon, but I don't have an official statement on whether that's true
Back in April it was reported that Magic Broadcasting agreed to sell KDAY Redondo Beach/Los Angeles and KDEY Ontario/Riverside to RBC Communications for $19.5 Million. A change in format to a Mandarin was expected as the RBC Investment's owner Anthony Yuen is also employed by Phoenix Satellite Television which would have had a 20% stake in KDAY and is majority owned by China Mobile and the Bank Of China. However, after months of no news on the deal, reports arise that the deal never made it passed the requisite FCC approval.
KDAY was almost sold in 2010 to SoCal935, Inc for $35 Million but the deal never materialized.