University snaps up Austin FM


$6M KXBT-FM Austin TX (Leander TX) from BMP Austin License Company LP, a subsidiary of Border Media Business Trust (W. Lawrence Patrick) to The University of Texas at Austin (William Powers Jr., Kevin P. Hegarty et al). $400K escrow, balance in cash at closing. Superduopoly with KUT-FM, KUTX-FM, KVRX-FM and cross-ownership with K29HW-D. [FCC file date 8/29/12]