the media business Over the next four years, RKO dismantled its broadcast operations. Both its AM and FM stations in Boston were sold to Atlantic Ventures. In New York, WOR-AM was acquired by Buckley Broadcasting and WRKS-FM (the former WOR-FM) went to Summit Communications. The company's two radio stations in the Washington, D.C., market were sold to Classical Acquisition Partnership. In Los Angeles, the KRTH (formerly KHJ) radio stations were purchased by Beasley Broadcasting, which in turn sold KRTH-AM to Liberman Broadcasting. Liberman renamed the station KKHJ, then restored the original KHJ calls in 2000. In 1988, the decades-long licensing saga of KHJ-TV officially came to an end. Under an FCC-supervised deal, RKO gave up its bid to renew the station's license, which was then granted to Fidelity Television, the company that had raised the original challenge to RKO General twenty-three years earlier. Fidelity then transferred the license to The Walt Disney Company, which then bought KHJ-TV's non-license assets, including its studios and intellectual property, from RKO. For the station and its assets, Disney paid $324 million, with RKO collecting approximately two-thirds and Fidelity the remainder. According to FCC general counsel Diane Killory, the settlement had the effect of finding that RKO was unfit to be a broadcast licensee, and the company now had no choice but to get out of broadcasting. Disney would rename the Los Angeles station KCAL-TV the following year. During this period, the company also divested its radio stations in Chicago and Miami–Fort Lauderdale, as well as the remaining assets of its movie-related operations. By the turn of the decade, RKO's last significant media holdings were the WHBQ TV and AM radio stations in Memphis and KFRC-AM in San Francisco. In 1990, the Memphis stations were sold to Adams Communications. The following year, KFRC was sold to Bedford Broadcasting. RKO General was out of the broadcasting business. Former holdings Stations are arranged in alphabetical order by state and community of license. Television stations Radio stations Notes External links GenCorp—Company History corporate history with particular emphasis on RKO General; part of Funding Universe website Boss Radio Timeline part of the Boss Radio Forever website "A Day in the Life: The Federal Communications Commission" article by Nicholas Johnson and John Jay Dystel, Yale Law Journal vol. 82 (1973) "General Tire Profit Due to RKO Unit" brief business article, New York Times, March 24, 1981 Defunct broadcasting companies of