Steven Humphries says that his DealerAdvance wants to break into the media business, and to that end last year bought Spectrum Broadcast based on SB’s plans to buy a Texas radio station. Now the letter of intent for KZAM-FM Pleasant Valley TX is upgraded to an Asset Purchase Agreement.
The names DealerAdvance and Spectrum Broadcasting will be going away soon, as company names – plans are in the works to flip the corporate moniker to Cabal Communications Corporation.
KZAM is licensed to South Texas FM Investments LLC, an interesting licensee name for a station serving the Wichita Falls market not far from the north Texas line the state shares with Oklahoma.
KZAM-FM is a relatively young station, a Class A on 98.7 MHz with 6 kw on a 318’ stick. FCC paperwork on the deal is expected to be filed shortly.
The buyer says it plans to become a “broad-based media company with holdings in the print, broadcasting and billboard industry under the name Cabal Communications Corporation.”
Terms of the deal were not disclosed.
RBR-TVBR note: Now available RBR-TVBR’s ‘2010’ new guide to help chart a course through the treacherous waters of buying, owning and selling radio or television stations.
Click to purchase: “Profitably Buying and Selling Radio Stations,” or 1-800-288-4677, ext. 5022 for $49.95, paperback, $39.95, e-book.
