James Su and John & Greg Douglas’ Golden City Broadcasting is selling Mandarin Chinese “iCity Radio 93.5” KADD Logandale/Las Vegas NV to Eric Palacios’ Radio Activo 2 LLC for $450,000.
KADD will become paired with Spanish CHR “94.5 Exa-FM” KXLI Moapa, owned by Radio Activo Broadcasting. Palacios owns 82% controlling interest in that company.
Golden City Broadcast exercised its option to acquire KADD in March 2015 for $2.26 million. The station is one of ten across the country owned by Golden City airing programming from the Chinese government associated China Radio International including AMs in Atlanta, Boston, Los Angeles and Portland. The FCC and DOJ were reportedly investigating the Chinese government in 2015 following a Reuters report into whether they had defacto control of the programming, but no results were ever issued.