A local radio cluster in the McAllen-Brownsville-Harlingen market which was part of troubled Border Media has been sold out of trusteeship to Roberto Gonzalez’s MBM Texas Valley LLC.
The stations include:
* KBUC-FM Raymondville, Texas
* KESO-FM South Padre Island, Texas
* KJAV-FM Alamo, Texas
* KZSP-FM South Padre Island, Texas
* KURV-AM Edinburg, Texas
* KVJY-AM Pharr, Texas
The price, according to brokerage Patrick Communications, was $2.5M. Patrick’s fingerprints were all over the deal. Larry Patrick is principal of the seller, Border Media Business Trust, while Greg Guy and Jason James received broker credit.