AM triple-header in Austin
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Jose J. Garcia is involved in somewhat of a yo-yo deal in the Austin market. After selling a two-AM, two-FM cluster to Thomas Castro's Border Media Partners back in 2005, he is now in a deal to acquire three FMs from his previous trading partner. He'll be getting KELG-AM, KOKE-AM & KTXZ-AM from Border. The latter two stations were in the original 19M deal. According to Patrick McNamara of American Media Services, who brokered the immediate transaction, the price for the three AMs is 5.5M.
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