LA Christian station sold for a record $250 million

IN THE LARGEST single radio station deal in history, KFSG-FM/Los Angeles was sold to Spanish Broadcasting for $250 million in November - a deal MStreet Daily calls a "major roll of the dice." Since 1949, the international Church Of The Foursquare Gospel has owned KFSG, a 54,000-watt Christian AC station programmed with a mixture of music and teaching programmes. Until KFSH-FM signed on in late July, KFSG has been the only station in Los Angeles playing Christian music
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