KLVT-AM Levelland TX is being sold. The Country outlet sits just to the west of Lubbock, and it will be going to a new owner in a backloaded deal. The FCC will have reason to smile a little about this one.
That’s because it will marginally improve the diversity of ownership percentages by putting a broadcast license in the hands of a female owner.
The seller is Monte Spearman’s High Plains radio Network LLC.
The buyer is Cute Boots Broadcasting LLC, headed by Tania L. Moody.
The price will be $650K, all accounted for via a 12-year promissory note that calls for monthly payments of $6,750. However, Moody will have the opportunity to earn a discount – if she is able to pay the price in full within three years, it will be reduced to the tune of $65K, and if she is able to do it after that and up to the 6th year, $32.5K will be deducted from the price.
The station calls itself Best of the West, and it is a Class C on 1230 kHz with 1 kW-U, ND. It’s full-grade contour just hits the western edge of Lubbock.