MMTC announced that another station has been donated through its donation program.
“Multicultural Media & Telecom Brokers recently closed on the sale of Barstow, Calif., radio station KIQQ(AM) to Asian-American entrepreneur Jeff Chang,” it stated.
“This transaction was made possible by Lazer Broadcasting Corp., to whom we are deeply grateful for their generosity.”
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The donation program offers broadcasters who might otherwise close down a station an alternative with tax benefits that also helps boost another operator.
Lazer had aired regional Mexican music. Chang Media Group has not announced a planned new format but indicated it would complement its other station in the area, KQTE(AM), which carries ESPN Radio. Transmission equipment is part of the donation agreement.
MMTC seeks to promote minority and women entrepreneurship in broadcasting through this program. Past station donors include Entercom, Trinity Broadcasting and Clear Channel (now iHeartMedia). Markets where other stations have been donated over the past decade include Detroit, Minneapolis, and Salem, Ore.
“We encourage interested donors to call or email us for more information about our station donation program.” Email Director Suzanne Gougherty.