Spotlight: Jacor to Acquire Santa Barbara Oldies Station

Covington, Ky.-based Jacor Communications Inc. said it plans to buy oldies radio station KIST-AM in Santa Barbara for $850,000 from Engles Enterprises Inc. The sale is subject to Federal Communications Commission approval. Jacor, the nation’s third-largest radio group, already owns three stations in Santa Barbara: KQSB-AM, KTYD-FM and KSBL-FM. Including pending acquisitions, Jacor owns, operates or represents 159 radio stations in 34 U.S. markets.