iHeartMedia applied yesterday with the FCC to transfer ownership of KFMB-AM 760 kHz San Diego from Local Media San Diego for $1.2-million. The FCC had granted a transfer of ownership to LMSD from TEGNA just a month ago. iHeart has been operating KFMB-AM on a temporary local marketing agreement (LMA) since the FCC grant. The new owners will have to change the station call letters as part of the transfer agreement.
The addition of KFMB to the iHeart market portfolio will put them to the upper limit of 5 FM and 3 AM stations. Additionally, sister station KFI (AM) Los Angeles delivers a city-grade signal into the city of San Diego and shows up in market Nielsen ratings.