Loomis-based Immaculate Heart Radio, the nonprofit that operates a network of more than 30 Catholic radio stations in the West, says it has an agreement to acquire urban gospel radio station KTYM 1460 AM in the Los Angeles County community of Inglewood, an acquisition that would increase IHRs potential listener base by more than a third, to 46 million people.
IHR said the acquisition will enable it to reach 11 million new listeners in Los Angeles and Orange counties, 4.5 million of whom are Catholic.
Officials said the transaction is expected to be finalized this summer. Financial terms were not disclosed.
We are excited to welcome Immaculate Heart Radio to Los Angeles and look forward to experiencing the important role that radio can play in strengthening the faith and identity of our people, said José H. Gomez, archbishop of Los Angeles.
Every broadcaster wants to be in Los Angeles, and being (there) has been our goal for nearly 20 years, said Doug Sherman, president of IHR, which was started in 1997 with a broadcast signal from a warehouse in Reno.
For more information, see www.ihradio.com.
Call The Bees Mark Glover, (916) 321-1184.