KFWB Sold

By on Jan, 6 2016 with Comments 0

kfwbKFWB(AM), Los Angeles has been sold.

CBS Radio put the station into a trust handled by ShootingStar Broadcasting President/CEO Diane Sutter in 2011 to remain under the local ownership caps. CBS operated two TV and two stations in L.A.

SEC filings indicate the buyer is Mercury Capital Partners/Principle Broadcasting and the price is $8M.

The Los Angeles Times reports the buyer for the all-sports station airs foreign language programming, meaning the professional sports teams currently on the station would need to find a new home.

KFWB went on the air in 1925; it’s a Class B AM operating from a single tower and broadcasting 5,000 watts on 980 kHz.

 

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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