Dallas tenant moves toward ownership


John Hamid is part of a group holding time brokerage agreements for three stations, with two different landlords, in the Dallas-Fort Worth market. And there will be a fourth member to the group, but this time it will be an O&O.

The station is KVTT-AM, licensed to Mineral Wells TX. It’s 50 kW signal does a good job of covering the Metroplex, and in fact, reaches all the way out to Wichita Falls. However, although it continues to boom out 39 kW during critical hours, the 1110 kHz facility is forced to shut down when the sun goes down.

Hamid’s Texoma Broadcasting Inc. is getting it from Gary L. Moss’s M&M Broadcasters Ltd. The price is $2.625M cash. Moss will be keeping much of the studio equipment, so Texoma will have an allowance of up to $7K to buy new equipment that may be deducted from the purchase price payment.

Hamid’s TBA company is called FunAsiA Radio LLC. It is renting KFCD-AM Farmersville TX and KHSE-AM Wylie TX from Principle Broadcasting, and is renting KZMP-FM Pilot Point TX from Liberman Broadcasting. The two AMs serve most of the more densely populated parts of the market, while the FM is oriented to the territory to the north of it.