Stephens Family buys in Tulsa

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$8.5M KMYZ-FM & KTSO-FM Tulsa OK (Pryor, Glenpool OK) from Shamrock Communications Inc. (Robert J. Lynett) to KXOJ Inc., a subsidiary of Stephens Family LP (Michael P. Stephens, David P. Stephens, Joy Stephens). Up to $1M LMA credit, option to finance up to $7.5M via promissory note; remainder in cash. LMA until closing, contract dated 4/26/13. Superduopoly with KYAL-AM/KXOJ-FM Sapulpa and KBIX-AM/KYAL-FM Muskogee OK. [FCC file date 10/1/13]