Complex sentence: On September 20,1989 at 2 p.m., KFAC would be put up for sale it was rumored it's new owners would change the longtime classical format and call letters, depriving Southern California of a major cultural institution.
Split into simpler sentences: On September 20,1989 at 2 p.m., KFAC would be put up for sale. It was rumored its new owners would change the longtime classical format and call letters, depriving Southern California of a major cultural institution.