Roberts Returns to Broadcasting: Kenneth J. Roberts,...

Roberts Returns to Broadcasting: Kenneth J. Roberts, the former concert promoter who built KROQ-FM in Los Angeles into a rock radio giant before selling it for a then-record $45 million in 1986, has jumped back into the local broadcast scene with the acquisition of two small FM stations. Roberts said he has agreed to purchase KOCM-FM in Newport Beach and its sister station, KSRF-FM in Santa Monica, for $17.7 million. The two stations, both broadcasting at the same frequency--103.1 megahertz--are owned by companies controlled by businessman Steven Udvar-Hazy, broadcast executive Jack Siegal and attorney Leonard Weinberg, all of Los Angeles. Roberts said the transfer of ownership should be completed by March 1.