Note: This update reflects new information tied to the purchase price and PP metric of KXOS-FM’s purchase by Meruelo Media.
LOS ANGELES — On May 22, Downey, Calif.-based Meruelo Media acquired a radio station serving Southern California that many media brokers and observers long expected. The privately held owner of radio and TV stations serving the L.A. DMA is buying KXOS-FM 93.9.
What was unknown until now was just how much — or how little — Meruelo is paying for the station formerly known as KZLA.
We now know what Meruelo paid a U.S. subsidiary of Grupo Radio Centro for the property.