Meruelo Media Agrees to Acquire KXOS-FM/Los Angeles

RADIO ONLINE | Wednesday, May 22, 2019

Meruelo Media has enter into agreements with 93.9 Holdings, Inc. and Grupo Radio Centro to purchase 18.5kW Regional Mexican KXOS-FM (Radio Centro 93.9 FM) in Los Angeles. KXOS-FM will join the company's existing cluster of KPWR, KDAY, KDEY-FM, KWHY-TV and KBEH. The acquisition follows Meruelo Media's recent buy of KLOS/Los Angeles which is expected to close in the third quarter of 2019. After customary government approvals, KXOS will be the seventh station in Meruelo's Los Angeles broadcast station cluster.

"The acquisition of 93.9 FM KXOS is a key piece in our media division expansion strategy," stated Chairman and CEO Alex Meruelo. "Our group has done an amazing job curating some of the most recognizable local media brands into one extremely powerful portfolio."

Meruelo Media President and COO Otto Padron added, "What an amazing few weeks these have been! Adding these spectacular call-letters to our full-market FM radio station SOCAL cluster authenticates our hyper-local media strategy to super-serve clients, partners and our community. We are also looking forward to a productive multimedia content relationship with our friends of Grupo Radio Centro Mexico."

Padron says Meruelo Media will also launch with Grupo Radio Centro an all-news Spanish language format using one of 93.9 KXOS's HD Radio channels. In addition, they will work with the Mexican broadcaster to develop other multimedia content for Meruelo's KWHY 22-TV. Meruelo Media expects the transaction to be completed in the third quarter of 2019.