On Oct. 13, the regional Mexican network known as “La Z” added a major Hispanic market in the Pacific Northwest to its roster of stations by way of a time-brokerage agreement with a Latino-focused faith-based organization.
Now, the company behind “La Z” — Bustos Media — is acquiring the station.
On Oct. 10, 2012, Class A KYXE-FM 104.9 in Union Gap, Wash., signed on the air. The facility covers the Yakima, Wash., market, and gained attention by airing a 24/7 Christmas music format. By January 2013, KYXE was dark, returning to the air in October 2013 with more holiday favorites.
One month later, in November 2013, Centro Familiar Cristiano installed a Spanish-language religious format; the Yakima Valley is one of the nation’s biggest Hispanic population centers, with thousands of first-generation immigrants drawn to agricultural jobs.
Just days after KYXE’s fifth anniversary, Bustos Media assumed control of the station via a TBA, putting “La Z” on the station.
An asset purchase agreement has now been filed with the Commission that will see Bustos outright acquire KYXE, for $215,000.
Terms of the deal call for Bustos to assume the seller’s duties and obligations under a March 2014 Promissory Note to debtor Sunnylands Broadcasting, the original owner of KYXE. Thus, a $15,500 escrow deposit paid by Bustos has been transferred to Sunnylands from Centro Familiar Cristiano.
The remainder will be paid via a new Promissory Note struck by Bustos.
KYXE joins KZTA-FM in Naches, Wash., and KMNA-FM in Mabton, Wash., as stations owned by Bustos Media in the Yakima market.
Serving as legal counsel to Seattle-based CFC is Jessica Nyman of Pillsbury Winthrop Shaw Pittman LLP.
Bustos was represented by the law office of Dennis J. Kelly.
There is no broker associated with this transaction, which comes as Bustos is seeking FCC consent to assign Centro Familiar Cristiano KRYN-AM in Gresham, Ore., KDYK-AM in Union Gap, Wash., KULE-AM in Ephrata, Wash., and K229AD in Yakima.