The longtime owners of the station announced Monday that it has been sold for $250,000 to Sacred Heart Radio, a Catholic broadcasting company based in the Seattle area, according to The Olympian.
Once approved, the transaction will end the Kerry family’s ties to the historic station.
Nick Kerry, whose great-grandfather, Tom Olsen, bought the station in 1939, said the sale is bittersweet “because of the history and legacy behind the station.”
Kerry currently is business manager for a translator at 95.3 FM and Country KAYO 96.9 FM, two stations that will remain part of KGY Inc., and that will remain in the historic building that is perched on port peninsula property that overlooks Budd Inlet.
Nick’s aunt, Jennifer Kerry, is president of the business. She said in a statement that the changing media landscape makes this the right time to put the company’s emphasis on the two FM stations.
The sale is subject to review by the Federal Communications Commission, which is expected to take 45 days.
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