Travel to the south of downtown Dallas along U.S. Highway 67, and chances are you’ll see the Cedar Hill cluster of broadcast media towers off to the west.
Among the transmitters on these towers is one for a recently upgraded FM translator licensed to rebroadcast a HD multicast channel assigned to an Urban One station.
This translator has just been sold.
Trading hands is K225CM at 104.9 MHz in south Dallas County, Tex.
It is linked to KBFB-FM 97.9’s digital multicast offerings, and is being spun by Hispanic Family Christian Network Inc. to We Serve LLC.
The seller is led by Maria C. Guel, and she’s signed off on a deal netting $685,000 for the translator, which serves a small portion of the greater Dallas market.
The assignee is led by Kuldip Singh, and the transaction is a clear indication that the South Asian consumer is one of the key multicultural growth areas in North Texas.
Singh is based in Houston, which has also seen strong South Asian growth aside from its long-standing Hmong community.
A $200,000 deposit has been paid to Guel’s HFCN. The balance will be paid in full at closing.
