LA's Power 106 Gets Sold for $80 Million USD
The legendary radio station is changing ownership.
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.”
