[5] By the end of the year, Bel Air successfully sold the combo to James Knudsen for $250,000 — less than half of either previous deal.
Eric and Kim Kauffman operated the stations under a lease from owners Donna and James Knudsen in the hopes of eventually purchasing them.
However, the Knudsens used a loophole in the agreement to retain ownership and offer terms that ultimately were unacceptable to the Kauffmans.
Eric Kauffman purchased KWTY (94.5 FM, now defunct) and moved his programming there as well as online via TuneIn.
The deal included a time brokerage agreement allowing Adelman to begin programming the stations immediately; the sale closed in April.