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Spanish Broadcasting System Inc
South Florida CEO, Sept, 2004
Coconut Grove-based Spanish Broadcasting System Inc. sold the Chicago FM radio stations WDEK, WKIE and WKIF to Chicago-based Newsweb Corp. for $28 million in cash. In a separate deal, the company agreed to sell the Southern California FM stations KZAB and KZBA to Styles Media Group LLC of Panama City, Fla. for $120 million cash. Both deals are expected to close in the fourth quarter.
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