SBS Looking A Selling Non-core stations To Finance LA Purchase Of KXOL-FM.

According to Radio & Records, Spanish Broadcasting System Chairman/CEO Raul Alarcon Jr. said during his company’s Q2 conference call that SBS is considering several options to fund its $250 million purchase of KXOL/Los Angeles — including the sale of KPTI/San Francisco and KLEY/San Antonio. While the company is currently reviewing “some very firm offers” for those stations, no deals have yet been struck.

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