Monday, October 5, 2015

Breaking Radio News - Local Media San Diego and KFMB Join Forces

By Joe Nelson

Local Media San Diego and KFMB Radio Stations Announce Joint Operating Agreement
SDLocal Partnership Preserves Local Platform for San Diego’s Top-Rated Stations


San Diego, October 5, 2015 – 

Local Media San Diego, LLC and KFMB Stations, two leading digital and broadcast companies in the greater San Diego area, today announced a joint operating agreement that preserves local ownership and operation of San Diego’s top-rated radio stations. Magic 92.5, Z90, 91X, 100.7 Jack FM and AM 760 KFMB will now make up the largest local radio broadcasting platform in San Diego.

“We’re excited to finalize this agreement with the KFMB Stations’ radio group,” said Gregg Wolfson, vice president and general manager at Local Media San Diego. “With both organizations focused exclusively on the San Diego market, this partnership gives us the resources to deliver even more localized programming, events, contests and promotions to our advertising partners and the San Diego community.”


The newly formed partnership between Local Media San Diego, LLC and KFMB Stations will be called SDLocal and will reach approximately 1.5 million listeners in the San Diego area.


“Local, independent broadcast companies are facing increased pressure from national competitors, but they can’t rival our years of experience serving San Diego,” said Elisabeth Kimmel, owner and president of Midwest Television, licensee of the KFMB Stations. “I’m eager to put our combined experience and assets to work for our customers across the region.”


About Local Media San Diego
Local Media San Diego, LLC is a San Diego-based broadcasting company backed by private equity firm Thoma Bravo, LLC. LMSD operates radio stations Magic 92.5, XHRM FM (www.magic925.com), Z90, XHTZ FM (www.z90.com), and 91X, XTRA FM (www.91x.com).

About KFMB Stations

KFMB Stations include radio stations 100.7 JACK FM, AM 760 KFMB and television station CBS 8. Midwest Television, Inc., licensee of these locally owned and operated stations, recently marked over 50 years of ownership. KFMB Stations are San Diego’s only television/radio powerhouse, serving the community around-the-clock. To learn more about KFMB Stations, please visit www.kfmbstations.com, www.760kfmb.com,www.sandiegojack.com and www.cbs8.com.

4 comments:

Anonymous said...

Who will be operating this new venture? Will it be KFMB's owners or LMSD? or will it be a joint effort? and any word on what happens with the TV station? Is it included in this JOA?

Anonymous said...

The TV station is not part of this deal. The LMSD management will be running this operation. Employees of each entity will remain their employees. There will still be separate facilities.

Anonymous said...

The DSC usually comment on radio changes like this. I haven't had a chance to podcast the show yet. Any word if it was discussed?

Anonymous said...

Nope no mention on the DSC...