The High Plains Radio Network in recent years has received attention for growing its stable of radio stations.
Now, it is a seller, with two Asset Purchase Agreements filed at the FCC on Tuesday — just one business day after the company led by Monte Spearman spun an AM, FM, and FM translator to a broadcast ministry.
As RBR+TVBR first reported on Feb. 14, Christian Ministries of the Valley has agreed to purchase KICA-FM 98.3 in Farwell, Tex.; KZIP-AM 1310 in Amarillo, a Class D facility; and FM translator K224EF from HPRN.
The stations came in March 2019, when HPRN a six-asset acquisition with Tejas Broadcasting.
Bill Whitley of the Dallas office of Media Services Group served as the exclusive broker for this transaction, which included Class C3 KKYC-FM 102.3 and Class C2 KKNM-FM 96.5 in Bovine, Tex.; Class C2 KGRW-FM 94.7 in Friona, Tex.
Now, HPRN is spinning KKYC-FM and KKNM-FM along with KDAV-AM in Lubbock, Tex.; and KRIA-FM 103.9 in Plainview, Tex., to T&N Enterprises West Texas LLC.
A $2,500 check has been mailed by Spearman’s Edge NT Services in Hobbs, N. Mex. to Whitley Broadcast Media Inc., to initiate the transfer of control to the buyer, led by Tino Robles.
The purchase price is $80,000.
In the second deal, HPRN is selling KROO-AM & KLXK-FM in Breckenridge, Tex., and KSWA-AM & KWKQ-FM in Graham, Tex., to For the Love of the Game LLC, a licensee led by Terry and Kay Stevens.
The sale price for this transaction was not disclosed.
HPRN in May 2017 agreed to acquire Class D KROO-AM, Class C3 KLXK-FM 93.5, Class D KSWA-AM and Class C3 KWKQ-FM from Palo Pinto Communications for $308,000.
Doug Ferber, who just joined Tieline as its VP/Sales, Americas, served as the exclusive broker in this transaction, representing Palo Pinto.