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SBS Closes $35 M KTCY(FM) Dallas Sale

SBS Closes $35 M KTCY(FM) Dallas Sale

Spanish Broadcasting System, Inc. closed the $35 million cash sale of KTCY(FM), Dallas, to Entravision Communications Corp. John Chachas of Merrill Lynch advised the Company on the transaction. SBS currently owns and/or operates 24 stations in seven of the top-ten U.S. Hispanic markets. The company also operates, a bilingual Spanish-English Internet Web site.