The KGO 810 AM Spanish Radio Rumors are Heating Up. Here's Why.

KGO Radio is, once again, at the center of a swirl of rumors. Only now the rumors might have some substance.

A powerful Latino media group-- an entity involved primarly of Spanish-language radio is buying up loads of stations in big markets--New York, Chicago, Los Angeles, Miami and yes, San Francisco.

The group has wads of cash and has secured financing with banks around the country. Moreover, it is looking to buy stations that might be owned by radio corporations that could be selling some of their assets to ward off existing debt and leaner operating expenses.

KGO Radio might be on the group's list in SF. In fact, a local Spanish media analyst speculated that a potential sale of KGO to the group has already been in discussion for quite some time.

KGO is in dire financial shape and its owner, Cumulus, has been active in trying to trim some of its burdening debt to satisfy a bankruptcy judge. It was thought Cumulus wasn't interested in selling any of its big market stations, but it may have no choice.

Here's the full article from WLRN.