An Abilene, Tex., operator has agreed to acquire the assets of a Class C3 FM serving the Lubbock, Tex., market with a unique Texas-flavored “Red Dirt Country” presentation.
The deal, which awaits FCC approval, brings an end to ownership of a company that in April voluntarily filed for Chapter 11 bankruptcy protection. Rather than emerge, its lone asset — the FM — was auctioned off.