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-AM to the iHeart market portfolio will put them to the upper limit of 5 FM and 3 AM stations. However, sister station KFI (AM) Los Angeles delivers a city-grade signal into the city of San Diego and shows up in market Nielsen ratings.