Colorado Public Radio buying two Colorado Springs stations

Colorado Public Radio is buying an AM-FM station combination to expand into Colorado Springs with plans to hire a local reporter as part of its long-term plan to become a statewide news organization. The Centennial-based nonprofit agreed last month to pay $550,000 for KXRE-AM at 1490 and a companion FM station at 102.1, which bosh transmit from Manitou Springs, to Denver-based Latino Communications LLC in a deal that is expected to be completed by early April, pending approval by the Federal Communications Commission.