Emmis Announces Agreement to Sell LA’s Power 106 to Meruelo Group

Contacts: Ryan Hornaday, EVP/CFO & Treasurer, rhornaday@emmis.com, 317.266.0100 Otto Padron, President/COO, Meruelo Media, opadron@meruelomedia.com Indianapolis…Emmis Communications (Nasdaq: EMMS) has announced an agreement to sell KPWR-FM Power 106 in Los Angeles to an affiliate of the Meruelo Group for $82.75 million, subject to closing adjustments and prorations, pending FCC and other regulatory approvals. “Power 106 has been part […]

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