Grupo Radio Centro will take over KMVN-FM, “movin’ 93” from Emmis Communications on April 15 and switch from English to a Spanish-language format.
Radio Centro, a Mexican company that owns 14 radio stations, signed a long-term local marketing agreement with Emmis to provide programming for and eventually buy the L.A. station. According to the L.A. Times, the Mexican broadcaster will pay $7 million a year for up to 7 years. After that time, the company is obligated to buy the station for $110 million or find another buyer for it.