In a transaction brokered by Kalil & Co., Nazar Kooner’s Radio Punjab is acquiring a silent 20kw daytime/200 watt nighttime AM that is licensed to use 3 towers to reach an area to the far southeast of Dallas.
It’s a property once owned by Bustos Media.
In a deal announced this week, Dallas Major Radio, led by James Su, is selling KTXV-AM 890 in Mabank, Tex., to Radio Punjab Dallas.
The purchase price is $225,000.
The full amount was paid as a deposit, held by escrow agent John C. Trent.
And, it is a fire sale for Su, who agreed 11 months ago to purchase KTXV for $1.8 million.
At the time, programming from China Radio International had been airing on the Class D facility, which must power down at night to protect WLS-AM 890 in Chicago and KDXU-AM 890 in St. George, Utah.
Su’s plan was to convert a Time Brokerage Agreement with Bustos Media into an outright sale.
That appears to have been financially unsuccessful, leading to a silent STA filing for KTXV ahead of its sale.