SBS Consummates Sale of KDAY-FM & KDAI-FM in LA.
January 6, 2006
Spanish Broadcasting System, Inc., announced the completion of its sale of radio stations KDAY-FM and KDAI-FM in Southern California to Styles Media for $120 million.
The transaction, announced in the third quarter of 2004, was officially consummated upon receipt of the final $65 million payment made by Styles Media, in accordance with contractual terms agreed to by both parties.
