Alex Meruelo

Alex Meruelo

Meruelo Group, the company owned by billionaire realtor, restaurateur, casino owner and FM radio investor Alex Meruelo, announced April 15 that it entered into agreement to purchase KLOS-FM from Cumulus Media Inc.

The station whose motto is the “Rock of Southern California” and plays a mostly classic rock playlist, is Meruelo’s third Los Angeles-area radio purchase, and most popular station in his growing portfolio, based on Nielsen ratings.

Meruelo also owns KDAY-FM and KPWR-FM, both rap stations.

The sale of West Adams-based KLOS signals Cumulus’s departure from the Los Angeles radio market dominated by iHeartMedia Inc. and Entercom Corp. The Atlanta-headquartered company has been gradually selling off stations since leaving Chapter 11 bankruptcy last June.

Media and entertainment reporter Matthew Blake can be reached at (323)556-8332 or mblake@labusinessjournal.com

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