Meruelo Media buys KLOS

Cumulus Media announced today, April 15, that it has entered into an agreement to sell classic rock KLOS to Meruelo Media for $43 million in cash. Meruelo Media owns hip-hop "Power 106" KPWR 105.9, classic hip-hop KDAY 93.5 in Redondo Beach and KDEY 93.5 in Ontario, Spanish-language KWHY-Channel 22 and Spanish-language religious KBEH-Channel 63. No changes are expected at KLOS. At least not yet.