Full ownership of KFNS offered to McKernan

Courtesy of The St. Louis Post-Dispatch

Tim McKernan has run a successful radio program, a company and even a sports-talk radio station. Full ownership of an outlet in that format could be next.

Randy Markel bought 590 AM in a process that began in late 2015 when he in essence pulled it out of bankruptcy. Now Markel wants to sell the station to McKernan, who gained a 25 percent ownership stake in it in a transaction that took effect last September. Part of that deal included a provision that McKernan would receive $100,000 if the station is sold to another party, with the agreement he first would have the right to match that offer. …

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