To the surprise of no one, Cumulus Media on Monday afternoon announced that it is selling venerable Rocker KLOS-FM 95.5 in Los Angeles to locally owned Meruelo Media.
The sale price may have been the most surprising aspect of this deal.
At the same time, a swap with Connoisseur Media was had. The asset purchase agreement for this deal has been filed with the FCC, and it shows who brokered the deal, along with the well-known legal counsel involved.
