Adios, Amigo … An Arizona AM Trades Hands


Its Class B signal covers all of the Phoenix market during daylight hours, and even at night it reaches most of the Valley of the Sun.

In recent years, it has served the Spanish-speaking community largely concentrated in central Phoenix and the west side of the valley.

Now, this AM is trading hands, and is being sold by Amigo Multimedia.

The station is KNUV-AM 1190, with 5kw during daytime hours and 250 watts at night from 3 towers in Tolleson, Ariz., due west of central Phoenix along I-10.

La Promize Company is buying the station. And, it is paying $500,000 for the AM.

The FM translator presently used by KNUV is not included in the transaction.

Terms called for La Promize to pay $200,000 within 10 days of the July 1 agreement date.

The remaining $300,000 is being represented by a Promissory Note, bearing interest of 4%. It is to be paid over three years at a rate of $8,857.20.

La Promize is headed by Laura Madrid.