Tavis Smiley Buys KBLA/Los Angeles

MULTICULTURAL RADIO BROADCASTING LICENSEE, LLC is selling Spanish Religion KBLA-A (RADIO ESPERANZA 1580 AM)/SANTA MONICA-LOS ANGELES to TAVIS SMILEY's SMILEY RADIO PROPERTIES, INC. for $7.15 million plus an eight-year noncompete agreement.