CRC Broadcasting Company, owners of long time Valley radio station Money Radio 1510, (KFNN-AM) announced the formation of a California Company, CRC Media West, LLC , and have closed on the purchase of two AM radio stations in the Palm Springs area. AM station 1010 KXPS, the regions only all-sports radio format, was acquired from Morris Communications for $250,000. Accompanying KXPS, CRC acquired the FCC construction permit for radio station KPSF, 1200 AM from Either Mining Corporation for $75,000. Upon completion of construction in January, the second station will debut as Money Radio 1200, replicating their nationally recognized business and financial news/talk format in Phoenix.
Cohen started 1510 KFNN in 1988 as the nation’s first radio station programmed exclusively for business, economic, and investment related topics. Now approaching their 23rd year, the Valley’s longest locally owned and operated radio station changed its name earlier this year to “Money Radio 1510”, rebranding the station to mirror its acquisition of the highly sought after domain name moneyradio.com. In August, Money Radio relocated its broadcast studios from its Central Avenue Phoenix location of 21 years to new facilities in North Scottsdale near the 101 and Raintree.
Team 1010 KXPS will continue its affiliation with Fox Sports Radio and carry national live sporting events including NFL coverage and USC Trojan football. It also has the most popular sports talk shows in the country including Dan Patrick and Jim Rome. Plans include initiating local sports talk programming and local live community and high school sports events.
CRC, already an innovator for being one of the first radio stations to stream its radio audio live on the internet over 14 years ago, plans to do the same for its two new stations. Today radio is heard on smart phones, tablets, and laptops.
Plans call for continued expansion of the Money Radio format and web brand through acquisition, licensing, and strategic partnerships.