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 firstname.lastname@example.org
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