BMP loans its way into Karnes City


In most station transactions, we report an the amount of money that will have changed hands once the dust clears. In this case, the dust is clear in advance. KTXX-FM Karnes City TX is going from North American Broadcasting Company to Palm Broadcasting Company to Tom Castro’s Border Media Partners. BMP has loaned $1.165M to NABC and $410K to PBC for a total of $1.575M, which will be forgiven at closing. An LMA has been in place since 10/11/06. KTXX has a CP to upgrade its C2 signal to 48.5 kw. It clusters with stations in and around San Antonio including KJXK-FM, KLEY-FM, KRIO-FM, KSAH-AM & KZDC-AM.