Hispanic start-up group picks up California FM CP


Grupo Multimedia LLC has FCC approval to acquire an FM CP in the Phoenix AZ vicinity, and now it is picking up a second one, this time for a CP west of Bakersfield CA. The station is KQMX-FM CP Lost Hills CA.

Using licensee name Deportes Y Musica Comunicaciones LLC, the “grupo,” headed by Roberto Medina, will pay $950K for the Lost Hills stick-to-be. It will put down $50K, pay $200K at closing and strike a promissory note for the remaining $700K. The seller is Rick Deitrick’s Magnolia Radio Corporation.

The station, located in a town along I-5, is to be a Class B1 on 105.7, operating with 24.46 kW on a 331’ antenna.

The Phoenix deal is for KRPH-FM CP Morristown AZ, also coming from Magnolia. In that on, Grupo Multimedia will pay $2.75M for a Class C2 on 99.5 MHz with 50 kw @ 492’. The deal was filed 4/12/10, and is described on the KQMX application as approved but as yet unconsummated.

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