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KING AM & FM SALE COMPLETE

 KING AM & FM SALE COMPLETE
 SEATTLE, Feb. 14 /PRNewswire/ -- Today, two of Seattle's oldest


family owned radio stations, KING AM and KING FM, stayed that way, KING announced today.
 The purchase of KING AM and KING FM by Priscilla "Patsy" Bullitt Collins and Harriet Stimson Bullitt from their own soon-to-be-sold King Broadcasting Co. marked a unique broadcasting transaction.
 "When we entered into an agreement in principle to sell King's properties, we decided to reaffirm our commitment of broadcasting classical music and newstalk by purchasing KING FM and KING AM," said Collins.
 Collins and Bullitt, controlling shareholders in King Broadcasting, entered into an agreement in principle to sell the company's six television stations and their cable systems to the Providence Journal Co. That sale is expected to be finalized on Feb. 24.
 In completing their purchase, Collins commented, "It's our intent for KING AM and KING FM to operate as they do currently. KING FM will continue to play the nation's best classical music, and KING AM will continue to provide Seattle with news, information and conversation." Collins continued, "The stations' management team will continue with Vice President and General Manager Jack Swanson at the helm."
 Swanson, named general manager in March 1990, had previously been operations director of KGO Radio in San Francisco. One of a small group of general managers with a programming background, Swanson is widely regarded as one of the nation's experts in newstalk management.
 In commenting on the close of the purchase Swanson said, "With radio stations changing owners and formats almost daily, it's reassuring to know that two of the oldest stations in Seattle will continue to serve this community." Swanson continued, "KING FM, the nation's finest classical station, will continue its tradition of playing the best music in Seattle. "KING NewsTalk 1090 will continue to provide Seattle's most interesting and relevant information programming.
 "KING radio listeners can expect the stations to continue to be responsive to their needs and desires," concluded Swanson.
 The predecessor to King Broadcasting Co. was formed in 1946 by Dorothy Stimson Bullitt when she acquired a struggling AM radio station, KEVR, and subsequently renamed it KING. In 1948 Bullitt acquired KING FM, fulfilling her dream of broadcasting classical music to Seattle.
 Bullitt built King Broadcasting into one of the West Coast's largest privately held communications companies with holdings in radio, television, cable and mobile television.
 -0- 2/14/92
 /CONTACT: Eric F. Thom of KING AM & FM, 206-448-3662/ CO: KING AM & FM; King Broadcasting Co. ST: Washington IN: ENT SU: TNM


LM-JH -- SE004 -- 0236 02/14/92 13:20 EST
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Date:Feb 14, 1992
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