ICA Radio will pay $2.48 million for the three Convergent Broadcasting stations in Corpus Christi.
The company began operating the stations on February 1 via LMA.
Original Report 2/1: Barry Marks’ ICA Radio Ltd. will expand to Corpus Christi with the purchase of the three stations owned by Daniel Duman’s Convergent Broadcasting II.
ICA will acquire CHR “Planet 102.3” KKPN Rockport, “Classic Rock 104.5” KPUS Gregory, and Variety Hits “107.3 Jake-FM” KAJE Ingleside for an undisclosed price. ICA owns five stations in the Midland-Odessa market.
This is to announce that a contract has been signed and an application is being filed with the FCC for the transfer of radio stations KKPN(FM), KPUS(FM, and KAJE(FM), Corpus Christi, Texas from Convergent Broadcasting II, LLC, to ICA Radio Ltd.
The Seller, Convergent Broadcasting II, LLC, is a limited liability company headed by Daniel Duman. Convergent Broadcasting II, LLC, has no other broadcast interests.
The Buyer, ICA Radio Ltd., is a limited liability partnership based in Texas headed by Barry Marks. ICA also owns radio stations in the Odessa-Midland, Texas market.KKPN(FM) operates at 102.3 kHz, with 50kW day at 446 HAAT. KPUS(FM) operates at 104.5 MHz, with 14 kW at 446 HAAT. KAJE(FM) operates at 107.3 MHz, with 14 kW at 446 HAAT.
KALIL & CO., INC. is the exclusive broker for this transaction.
