KNGY never could have had a positive cash flow. At a sales price of 33 million, they never could have come close to that, which is why it sold for such a small amount. They just had to dump it for what they could to get out from under it. It might be worth pointing out that neither station had much coverage...particularly KNGY. It's not far from 92.1 in Walnut Creek in that department...which sold for about the same several years ago. KKDV doesn't even cover all of Contra Costa County, but when combo sold with KKIQ and KUIC, it makes some sense to suburban advertisers. KNGY really didn't have that going for it as a free standing low power station in SF. The same could be said for the signal-challanged former Channel 104.9.