Aguirres Take Equity Stake In Exitos 93.9/L.A. Operator
May 13, 2009 at 3:59 PM (PT)
The AGUIRRE family, which owns 51.6% of MEXICO's GRUPO RADIO CENTRO, has acquired a 49% equity stake in GRUPO RADIO CENTRO LA, LLC, the GRC subsidiary that operates Spanish AC KMVN (EXITOS 93.9)/LOS ANGELES, the license of which is held by EMMIS.
The AGUIRRES have taken the stake in return for paying 49% of the cost of the company's investment in the LOS ANGELES subsidiary.