Independent rocker KPRI(FM) in San Diego, Calif. has been sold.
The seller is Compass Radio.
Compass President and co-owner Jonathan Schwartz said they took the step with “mixed emotions” after owning the station for two decades.
The buyer is Educational Media Foundation, which took over programming the station on Monday. The deal for the Class B non-directional station is expected to close in mid-January 2016.
Media Venture Partners advised Compass in this transaction. The price was not announced.