In the Metroplex of North Texas, programming from China Radio International has been airing on a Class D AM with 3 towers pumping out 20kw during daylight hours and 250 watts after dark.
Now, the operator that has been using this station via a Time Brokerage Agreement has agreed to acquire the station outright.
The seller is Amador Bustos.
James Su-led Dallas Major Radio is the entity presently operating KTXV-AM 890 in Mabank, Tex., using a facility to the southeast of Dallas that gives it a city-grade signal over the entire market, in addition to the Tyler-Longview, Tex., market.
Now, it is converting its TBA to an outright purchase by agreeing to pay $1.8 million for the station from Bustos Media Holdings.
As of Oct. 1, 68 monthly payments of $25,000 have been made as part of the TBA agreement. This will be credited toward the purchase price. Furthermore, a $100,000 option agreement execution payment has been made, reflecting paperwork dated Sept. 20, 2012 agreed to by Bustos and Su.
As a result, there are no further payments, and Su has effectively taken control, pending FCC approval.
Su has attributable interest in nine other stations across the U.S. This is his first in Texas.