Radio Insight and Radio Online are reporting that Ed Stolz has purchased KNGY-FM “Energy 92.7,” a dance music station targeting the gay community, for $6.5 million. The seller is Flying Bear Media headed by Joe Bayliss, which bought the station in 2004 for $33 million. The station’s Russian Hill transmitter broadcasts at 3,600 watts, which sends the signal about as far south as San Mateo. Stoltz will take over the station via a local marketing agreement on Sept. 13 if the sale has not closed by then.