After completing the deal, as expected, LMSD added the FM station to its existing cluster of FM stations but then sold the AM station. iHeart Media purchased the station for $1.5 million.
As of last week, LMSD and iHeart were retaining the two KFMB stations’ previous programming formats and talent..for now.
A two-sentence press release, dated March 17 from Gregg Wolfson, LMSD managing partner, president and GM, said the former KFMB stations would join LMSD’s three Mexican-licensed FM stations — XHRM-FM Magic 92.5, XHTZ-FM Z-90.3 and XTRA-FM 91X — at LMSD headquarters in Sorrento Valley. LMSD’s press release did not mention its follow-up sale of the AM station to iHeart.
San Diego media watchers are expecting LMSD and iHeart will eventually change the call letters for the two former KFMB stations.