Salem spins on in Houston
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Businessradio Network will be switching from a rental to a fully-owned property in the Houston TX market, while Salem thins its cluster down to an old-fashioned AM-FM combo. Salem's KTEK-AM is the station on the acquisition track -- Businessradio will pay 7.75M for the KTEK, licensed to Alvin TX. The sale will leave Salem with an AM-FM combo in the market. Meanwhile, Businessradio's new position as owner will bring an end to its LMA with Multicultural's KXYZ-AM. In its FCC filing, the buyer noted that the beginning of an LMA with Salem and the end of the one with Multicultural be timed so that it will be operating only one station in the market at any given moment.
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