Cumulus to sell KABC, KLOS site

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CumulusWhat a smart move: Cumulus will sell its longtime 45,000 sq.-ft. facility and property for the stations on South La Cienega Boulevard in LA. The 10-acre site is near a stop on the Expo Line rail route connecting downtown LA and suburban Culver City, reports the LA Times: “The area is considered ripe for mixed-use development that might include apartments, offices and stores. Cumulus Media Inc. of Atlanta, has not set a price for its property, but real estate experts familiar with transit-oriented development say the Baldwin Hills site could command $200 a square foot, or more than $90 million.”

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