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August 18, 2004 | From Times Staff and Wire Reports
Spanish Broadcasting System Inc., a Latino-controlled radio broadcaster, said Tuesday that it had agreed to sell two Southern California radio stations to Styles Media Group for $120 million in cash to pay down debt. The sale of radio stations KZAB-FM and KZBA-FM is subject to approval by the Federal Communications Commission and is expected to close in the fourth quarter, Spanish Broadcasting said.
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