William C. Nolan's Noalmark Broadcasting Corporation seems to be on a bit of a spending spree. It just invested 600K in a trio of stations in Arkansas (KVRC-AM/KDEL-FM Arkadelphia AR & KYXK-FM Gordon AR), and now its back with a deal for a combo in Roswell NM.
The stations are KBIM AM & FM, coming from King Broadcasting Company. According to broker Jim Hoffman of Explorer Communications, the price is 1.5M. The FM is a locally-oriented Adult Contemporary outlet, while the AM programs News/Talk with local, regional and national elements.