iHeartMedia continues its acquisition spree of AM signals in major markets to launch the Black Information Network.
Today’s acquisition is Brokered Ethnic 1320 KXYZ Houston from Multicultural Broadcasting for $1.4 million. The tower site of the station is not included in the deal, which is being sold to an unstated third party. The contract notes that KXYZ will file to move its operations to the tower site of 950 KPRC Houston. KXYZ will be the seventh station in the Houston cluster for iHeartMedia.
An LMA will take effect within ten days bringing the “Black Information Network” to the market.
This is the third acquisition of a station by iHeartMedia this week along with Dallas and Jackson MS.