Tim McKernan may be on the verge of gaining sole operating control of 590 The Fan, KFNS according to STL Today. The host of The Morning After currently has a 25% stake in the radio station, but majority owner Randy Markel has opened talks with McKernan to give him an opportunity to buy him out and take over as the station’s primary owner.
Markel purchased KFNS in 2015 after the radio station went bankrupt. He not only returned the radio station to the airwaves, but also invested in upgrading the towers which transmit the station’s signal.
One of the conditions in the agreement between the two men was that McKernan would receive $100,000 if the station was sold to another party. He was also given first right of refusal if Markel received any outside offers.
Although he isn’t exploring outside investors, Markel said his initial goal was to sell to McKernan in the next 4-5 years. But with other business interests requiring his focus, he’s decided there’s no better time than the present to explore a potential sale.
“I thought, ‘Why not sell now?’ Markel told STL Today. “I will make a cool half a million dollars-plus in a (little over) a year. I’ve got $2 million in it, I want a half-million profit. That’s what I deserve.”
In addition to being the majority owner of KFNS, Markel also owns Chuck’s Boots stores throughout the St. Louis area, and he’s building a youth baseball complex at the Lake of the Ozarks which will have nine fields and is expected to draw teams from all over the country. Former St. Louis sports radio hosts Bob Ramsey and Jeff Vernetti are overseeing that project for Markel.
“I had to make a decision — do I want to go all-in with the radio station or all-in with the ballparks? I couldn’t do both unless I sold Chuck’s Boots, but that still is in the works and could take some time” said Markel. “I thought about it, the radio station has the potential to be great, and in Tim’s hands. That’s what he’s always wanted (to own his own sports station). I said, ‘You come up with 1½ million (dollars), I will finance the other million at 6 percent, over 1-3 years, at interest only.”
The only question now is how long will it take the two sides to complete a deal. Markel is optimistic of finalizing an agreement quickly, whereas McKernan is taking a more cautious approach. Let the negotiations begin.
Jason Barrett is the owner and operator of Barrett Sports Media. Prior to launching BSM he served as a sports radio programmer, launching brands such as 95.7 The Game in San Francisco and 101 ESPN in St. Louis. He has also produced national shows for ESPN Radio including GameNight and the Dan Patrick Show. You can find him on Twitter @SportsRadioPD or reach him by email at JBarrett@sportsradiopd.com.
Colin Cowherd: Tony Romo Regressing Because He Loves Golf
“I’ve always felt like Tony Romo is one of those guys — and we all have somebody in our social circle like this — he got the golf bug. He’s had it for 15 years.
The performance of CBS Sports NFL analyst Tony Romo has been a hot-button topic in sports media circles, especially after a widely-regarded lackluster performance during the AFC Championship Game. Colin Cowherd believes he knows why Romo has regressed.
During an episode of The Colin Cowherd Podcast, the sports radio host claimed golf is the reason behind Romo’s regression.
“Romo wants to be on the Tour. He literally wants to be on the Tour,” Cowherd said. “And what’s the first thing Aaron Rodgers does in the off-season? He goes and golfs, he loves it. Both, by the way, great golfers, especially Romo. But I’ve always felt like Tony Romo is one of those guys — and we all have somebody in our social circle like this — he got the golf bug. He’s had it for 15 years.
“Tony wants to be on the PGA Tour — but he likes the paycheck from CBS.”
Cowherd also added he hasn’t hired potential employees in the past if they told him they loved golf during the interview process, saying he has a theory that as men age they “get addicted to golf”.
“They’re on PGATour.com, they’re putting in the backyard, they’re thinking about it at work, they’re scheduling a trip to Scotland and they lose sight of their other job,” Cowherd said.
ESPN Radio Adds Lakers Games As LeBron James Nears Scoring Record
“As of Friday, February 3, LeBron James is 63 points away from Abdul-Jabbar’s 38,387 career points.”
The NBA’s all-time scoring record has stood for a long time. Kareem Abdul-Jabar, the current record holder, retired in 1989. LeBron James is on the verge of overtaking him though, and ESPN Radio wants to make sure it is part of history when it happens.
ESPN Radio has added two upcoming Lakers games to its schedule. The network will carry the national feeds of games on February 7 and 9. The first game is against the Oklahoma City Thunder. The second is against the Milwaukee Bucks.
Both games will be played in Los Angeles with a 9:30 PM Eastern tip. Marc Kestecher and Vince Carter will be on the call for both games.
As of Friday, February 3, LeBron James is 63 points away from Abdul-Jabbar’s 38,387 career points.
FOX Sports Radio Broadcasting Live From Arizona & Las Vegas For Super Bowl Week
Sports radio will descend upon Glendale, Arizona and the greater Phoenix area next week for Super Bowl LVII, and FOX Sports Radio will be out in full force.
FOX Sports Radio announced Thursday that Dan Patrick, Colin Cowherd, LaVar Arrington, Brady Quinn, Jonas Knox, Doug Gottlieb, Steve Covino, Rich Davis, Chris Broussard and Rob Parker will all be live from either radio row, State Farm Stadium or Scottsdale Stadium starting Monday.
Dan Patrick and his crew will be at Scottsdale Stadium, which is the spring training home of the San Francisco Giants and the Scottsdale Scorpions of the Arizona Fall League. Colin Cowherd will broadcast two shows from State Farm Stadium, site of this year’s Super Bowl, on Thursday and Friday.
The rest of the FSR names mentioned above will all be doing their respective shows from radio row at the Phoenix Convention Center.
FOX Sports Radio also announced Jason Smith and Mike Harmon will broadcast from the Wynn Las Vegas resort on Thursday and Friday. They will have a strong focus on all things betting with regards to the Super Bowl.
Jordan Bondurant is a features reporter for Barrett Sports Media. He works full-time as a multimedia specialist at the Virginia State Corporation Commission, while also putting in part-time work for News Radio WRVA and 910 The Fan in Richmond. Additionally, you can find Jordan contributing coverage of the Washington Capitals for the blog NoVa Caps. His prior media experiences include working for the Richmond Times-Dispatch, the Danville Register & Bee, Virginia Lawyers Weekly and ABC 8News. He can be reached by email at email@example.com or follow him on Twitter @J__Bondurant.