Kalil Holding is in rapid-fire spin cycle


Brokerage firm Kalil & Co. is not spending a great deal of time as a radio group owner. Within days of closing on an acquisition of five stations in Texas, it spun two to Kremling Enterprises. Now it has two deals to sell two more of the stations. In both of the new deals, Kalil met broker John W. Saunders on the other side of the table representing the buyers. In one, KIOX-FM Edna TX is going to Buckalew Media Inc., headed by Bob Buckalew. He already has in interest in KULP-AM El Campo TX. Both towns are east of Victoria. In the other new agreement, KMBV-FM Navosta TX is going to KSBJ Educational Foundation Inc., which has interests in various Texas markets, most prominently including Houston. Navosta is northwest of Houston, closer to twin cities Bryan-College Station. The Kremling pair included KYKM-FM Yoakum TX and KTXM-FM Hallettsville TX, leaving only KHLT-AM Hallettsville TX on the shelf.