89.7 Richmond

Station Sales Week Of May 8

Mark Jorgenson’s ACM Dallas agreed to purchase 700 KHSE Wylie and 990 KFCD Farmersville, TX last month for $450,000. Before even closing on that acquisition, ACM Dallas has agreed to transfer KHSE to Hammond Broadcasting for $1.5 million. KHSE will join a Hammond group that also includes 1110 KVTT Mineral Wells and the operation of Liberman Broadcasting’s 104.9 KZMP-FM Pilot Point, TX. Both stations broadcast as South Asian “FunAsia Radio“. On the western fringes of the Washington, DC market, 1520 Radio Asia LLC is acquiring 1520 WTRI Brunswick, MD out of bankruptcy receivership controlled by Roger Rafson for $275,000. The buyer also incurred all costs necessary to restore WTRI to the air before its license was due to be cancelled on April 15 for being dark for one year. ...[Read More]