In July 2021, an Abilene, Tex., operator agreed to acquire the assets of a Class C3 FM serving the Lubbock, Tex., market. It brought an end of ownership to a company that three months earlier voluntarily filed for Chapter 11 bankruptcy protection, resulting in the station’s auction.
Now, the entity that acquired KRBL-FM 105.7 in Idalou, Tex., is agreeing to transfer the property to a group that will convert the facility to non-commercial status. The buyer’s roster of directors includes Brad Moran, the heir to Ramar Communications.
