 However, the following year, Five Cities defaulted on a loan, leading to the involuntary transfer of both stations' licenses to U.S. Media Company.In August 1989, U.S. Media sold news/talk-formatted KVEC to Chorro Communications Inc. for $300,000; KPGA was divested separately a month later.In September 1991, Richard Mason sold his 70% stake in Chorro Communications to partner Francis Sheahan for $353,900, granting the latter full control of KVEC.