LA's Power 106 Gets Sold for $80 Million USD

The legendary radio station is changing ownership.

Music
2,934 Hypes 0 Comments

Los Angeles, California radio station Power 106 is changing ownership. Earlier this week, it was announced that the radio station was sold to Meruelo Group. The private LA company acquired the station for $80 million USD from Emmis Communication, which owned Power 106 for over 32 years. As for content curation, the brand will remain more or less the same, and the Power 106 staff is left unchanged. Emiss CEO Jeff Smulyan shared in a statement, “Power 106 has been part of the Emmis family for more than 32 years, so this day is bittersweet. The Meruelo Group will be great owners of this historic brand, and take it to even greater heights.”

Read Full Article

What to Read Next

'Power Rangers: Battle for the Grid' Is Getting a 'Super Edition' Release
Gaming

'Power Rangers: Battle for the Grid' Is Getting a 'Super Edition' Release

Including all three season packs so far, the ‘Street Fighter’ pack, and four bonus skins.

Jeff Bezos, Drake, and Others Invest $80 Million USD Into Overtime's Youth Basketball League
Sports 

Jeff Bezos, Drake, and Others Invest $80 Million USD Into Overtime's Youth Basketball League

Aiding 16 to 18-year-old basketball players with at least $100,000 USD per year.

A Bundle of 101 Bored Ape NFTs Sold for $24.4 Million USD
Tech

A Bundle of 101 Bored Ape NFTs Sold for $24.4 Million USD

The company’s cartoon dog NFTs also sold for $1.8 million USD.


An NFT JPEG of a Rock Sold for $608,000 USD Before Price Floor Surpassed $1 Million USD
Tech

An NFT JPEG of a Rock Sold for $608,000 USD Before Price Floor Surpassed $1 Million USD

Even the cheapest “EtherRocks” skyrocketed 900 percent in value.

adidas Originals Set to Release the NMD R2 In "Triple Black"
Footwear

adidas Originals Set to Release the NMD R2 In "Triple Black"

Stay tuned for an official release date.

Do-Rags, Gas Masks, Thongs and More: How IKEA Is Challenging Fashion's DIY Culture
Fashion 

Do-Rags, Gas Masks, Thongs and More: How IKEA Is Challenging Fashion's DIY Culture

Vote for your favorite now.

colette Is Now Selling a $60 USD Fidget Spinner
Design

colette Is Now Selling a $60 USD Fidget Spinner

After selling out its initial releases.

Bryson Tiller Drops Three New Songs, Reveals 'True to Self' Release Date
Music

Bryson Tiller Drops Three New Songs, Reveals 'True to Self' Release Date

One of the tracks features Young Thug.

L.A. Reid is Leaving Epic Records
Music

L.A. Reid is Leaving Epic Records

One of most well-respected industry veterans.


Spotlight: Edward Crutchley
Fashion 

Spotlight: Edward Crutchley

Everything you need to know about the British designer.

Big Sean Highlights PUMA's Latest Classic Tonal Offerings
Footwear

Big Sean Highlights PUMA's Latest Classic Tonal Offerings

Shades of baby blue.

The adidas SeeULater Returns in Bold Red This Season
Footwear

The adidas SeeULater Returns in Bold Red This Season

In addition to a more demure gray iteration.

Pharrell & Kaytranada Are Planning to Make New Music Together
Music

Pharrell & Kaytranada Are Planning to Make New Music Together

“It’s amazing what you do and your touch.”

Uniqlo Will Be Restocking Select Items From Its KAWS x Peanuts Collection
Fashion

Uniqlo Will Be Restocking Select Items From Its KAWS x Peanuts Collection

Get ready.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.