Magic Johnson Inks Radio Station Deal

April 14, 2011  |  

(Los Angeles Business) — Magic Johnson Enterprises and Yucaipa Cos. are buying three Phoenix radio stations from Atmor Properties Inc.  Atmor is selling the three FM radio stations — Spanish-English pop station 95.1 KVIB; hip-hop station 98.3 KKFR; and alternative station 103.9 KEXX — to the Magic Johnson-led groups. The firms will operate under the Riviera Broadcasting LLC name.  Terms of the deal were not released.

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