The city of Ciudad Acuña, in the Mexican state of Coahuila, is home to some 200,000 people and is one of the fastest-growing cities in the nation.
Right across the Rio Grande is The Texas city of Del Rio, known in radio lore for being home to a cross-border “blaster” with 250kw of power that in the early 1960s featured Wolfman Jack.
It is here, in this U.S. city of some 40,500 residents, where an AM/FM combo is being sold.
The stations being traded are KDLK-FM 94.1, a Class C3 facility featuring a Country format, and Class C non-directional KDRN-AM 1230, which uses 1 tower and has 860 watts.
According to an asset purchase agreement filed Friday (12/7) with the FCC, Jorge Suday-led Suday Investment Group is acquiring the stations.
The seller is Forum Broadcasting, led by Larry Mariner.
Suday is acquiring the stations for $440,000.
Serving as escrow agent is Lois Everett, and she is holding a $25,000 deposit on behalf of Forum.
The balance is being covered by a cash payment of $335,000, and a $40,000 Promissory Note, with no interest, payable in equal monthly installments of $3,333.34.
The assumed contract list includes streaming vendor WideOrbit, office billing software from Marketron, and national ad sales representation from Regional Reps Corp.