KKDA-AM Grand Prairie TX is being sold by longtime owner Service Broadcasting Group. The Classic R&B outlet is headed to SKR Partners LLC, who will begin to operate the station under a TBA beginning 1/1/13.
SBG is headed by Hymen Childs. SKR is headed by Scott Kim and Kimberly Roberts.
The price will be $1.9M cash.
The station is a Class B on 730 kHz that goes by the moniker Soul 73. It has 500 W-U and is directional at night. Its daytime contour forms an almost perfect signal over the urbanized area; at night it loses parts of the western Fort Worth side, although it still gets a secondary signal to that part of the market.
We don’t know if this means anything in particular, but we were intrigued to note that the contract contained a terrorist clause, or rather, a clause stating that there is no terrorism associated with the seller to the best of its knowledge. Here it is:
“Terrorist Organizations Lists. Neither Seller nor, to Seller’s Actual Knowledge, any of its respective partners, members, shareholders, owners, employees, officers, directors, representatives, or agents is or will become a person or entity with whom U.S. persons or entities are restricted from doing business under regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including those named on the OFAC’s Specially Designated and Blocked Persons List) or under any statute, executive order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action.”