EMF at center of possible three-way FM deal


$1.25M KOUL-FM Corpus Christi TX (Refugio TX) from Tejas Broadcasting Ltd. (James L. Anderson) to Educational Media Foundation (Mike Novak). Cash. Seller retains rights to call letters. Third party Derrick Varnell hold 10-year option to acquire station from EMF for the same price. EMF will loan seller $500K for maintenance and repairs on tower and tower site and to relocate certain stations. [FCC file date 4/5/13]