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Mercury Capital Partners Principle San Jose Fund, LP Entered Into An APA to Sell KCNL-FM to USC

by jshaw
Tue, Mar 27th 2012 10:00 am

3/27/12:  The Principle Broadcasting Network LLC has signed an asset purchase agreement to sell KCNL-FM, licensed to Sunnyvale, CA, to the University of Southern California (USC).  USC operates classical music stations in Southern California and is a majority partner of the Classical Public Radio Network which operates Classical KDFC-FM in the San Francisco Bay Area. 

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