On Monday (4/17), RBR + TVBR‘s TRANSACTIONS TODAY reported the sales of Class C3 KBZD-FM 99.7 in Amarillo, Tex., to Grace Community Church, and Class C1 100kw KQFX-FM 104.3 in Borger, Texas, which serves the Amarillo market as regional Mexican-formatted “La Caliente,” to Viva Media LLC.
The seller of KBZD and KQFX is Tejas Broadcasting, and we now know there’s a Part Three to the story.
It was initially known that KQFX’s programming on April 15 relocated to KZIP-AM 1310 in Amarillo, Tex., giving “La Caliente” new life.
Now, it is buying a pair of translators that will bring “La Caliente” back to the FM dial.
The translators Tejas is acquiring are K224EF, at 92.7 in Amarillo, Tex., and K233CB at 94.5 MHz in Canyon, Tex., to the south of Amarillo.
The seller is the Clark Parrish-led parochial non-profit Edgewater Broadcasting, which has actively been paring down assets in the last 12 months.
The translator transaction will be consummated with 10 business days of the closing of KBZD’s sale to Grace Community Church, and is contingent on the KBZD deal.
How much (or, in this case, how little) is Tejas Broadcasting to return “La Caliente” to the FM dial in Amarillo?
It is paying Edgewater $100; a $2 deposit has been made.
No, we didn’t omit any decimal points.
K224EF will rebroadcast KZIP, while K233CB will serve as a rebroadcast partner of KTNZ-AM 1010, the Amarillo market’s home for ESPN Radio.
In other TRANSACTIONS TODAY:
- Shelby Broadcast Associates is selling translator W256CD at 99.1 MHz in the Birmingham, Ala., suburb of Fultondale, to Red Mountain Ventures for $200,000. The translator, which has near full-market coverage from atop Red Mountain, will rebroadcast Gospel WAGG-AM “Heaven 610.” WAGG has used W261BX at 100.1 MHz, and the move will increase its market coverage. Payment will see the amount of $1,250 per month, commencing on the 30th day following the date on which the translator goes on the air and continuing every 30th day thereafter for a period of 18 months. A final payment of $177,500 is then due.