Spanish Broadcasting System Inc. said it agreed to buy the the assets of radio station KFSG-FM broadcasting at 96.3 MHz for $250 million in a move to expand its presence to four stations in Los Angeles, the No. 1 U.S. radio market
The cash deal to buy the station from International Church of the Foursquare Gospel, a California non-profit religious corporation, is subject to conditions, including regulatory and antitrust approvals.