In late December, Tejas Broadcasting agreed to sell a Class C1 FM on the Texas Gulf Coast to Educational Media Foundation.
The station it is diplexed with is now trading hands — as is a Class A FM licensed to the city of Portland … Texas, that is.
It is a deal that involves two brokers from Media Services Group.
For a purchase price of $600,000, Tejas is selling KLHB-FM in Portland, Tex., and KLTG-FM in Corpus Christi, Tex., to Starlite Broadcasting.
KLHB is branded as “Wild 105.5,” while KLTG is “96.5 The Beach,” a Class C1 facility that on some evenings can be heard in San Antonio.
A 20% escrow deposit has been made to Tejas by Starlite.
KLTG and KLHB are the final radio properties to be sold by Tejas. KMJR in December was purchased by EMF for $432,000.
Five AM and FM stations serving Clovis, N. Mex., and Amarillo, Tex., were also previously sold by Tejas.
Starlite has no other broadcast interests.
Bill Whitley of the Dallas office of Media Services Group and George Reed of the Jacksonville office of Media Services Group served as the exclusive brokers for this transaction, representing the seller.