RETRO ARTICLE – KJOI-FM99’s $75-Million Price an Industry Record : Station’s Sale Key Part of $155-Million Ownership Shuffle That Also Affects KTWV, Westwood One

June 29, 1988 | AL DELUGACH | Times Staff Writer KJOI of Los Angeles is changing hands for a reported $75 million, which would be the largest price ever paid for an FM radio station, sources close to the impending transaction said Tuesday. The deal, which is part of a complex shuffling of ownership in stations around the country worth more than $155 million, is expected to be announced today. A draft of a news release prepared for release by Robert F. [...]