BMP loans its way into Karnes City

0

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.