Local Media of America (LMA) acquired San Diego based Finest City Broadcasting, operator of three Radio stations serving the San Diego market in January. LMA is an affiliate of private equity firm Thoma Bravo LLC; the transaction was completed in partnership with The Broadcast Company of the Americas (BCA), which operates three other stations in the market.
LMA will be led by CEO John Lynch, who also is the CEO of BCA. The six San Diego-area radio stations owned by the two companies will be operated as a group under Lynch’s direction. The Finest City Broadcasting stations include: Magic 92.5, XHRM FM, Z-90 XHTZ FM, and 91X XETRA FM. BCA operates: XX Sports Radio XEPRS AM, the Walrus XHPRS FM, and San Diego 1700 XEPE AM.
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Posted under Behind the Mic
Posted by Cris on February 12, 2010
