Current Issue:

Current Issue

On The Cover:
David Field
Also: Radio Wayne Finalists
Click here to subscribe to Radio Ink.

Radio Ink Writers

Deadline Passes For KXOS Sale, Talks Continue


In a Thursday SEC filing, Emmis Communications reported that the August 8 deadline for Grupo Radio Centro's "qualified designees" to buy KXOS/Los Angeles for $85 million had passed, meaning the price of the station automatically reverts to $110 million, per an earlier put and call agreement.

KXOS is operated by Mexico City-based GRC under an LMA; that MA and the other provisions of the 2009 agreement remain in effect.

However, Emmis and GRC are talking about a possible further amendment to the agreement; according to the filing, the "qualified designees' banks have informed the parties that the financing process has been delayed but continues to move forward."


Add a Comment


Send This Story To A Friend