A Class C2 FM serving a wide area of the Texas Panhandle region northwest of Amarillo is trading hands. It comes as a resolution tied to a Petition to Deny the sale of another radio station from Tejas Broadcasting to the other company involved in this deal.
It’s the lone radio sale under the spotlight today for RBR+TVBR’s TRANSACTIONS TODAY.
Caroline Smith is the owner of Tejano KAMT-FM “Mega 105.1,” licensed to Channing, Tex.
Smith is selling the station to Viva Media, led by Maria Ceniceros, in an arrangement that comes more than three years after a Time Brokerage Agreement between the two parties. The TBA gave Viva control of KAMT in July 2014.
The sale is directly the result of a settlement linked to a Petition to Deny Viva Media’s acquisition of KQFX-FM 104.3 in Borger, Tex., from Tejas Broadcasting. RBR+TVBR originally reported on this transaction in April, with KQFX attracting a sale price of $650,000.
That deal saw Bill Whitley of the Dallas office and George Reed of the Jacksonville office of Media Services Group serve as the exclusive brokers representing Tejas.
Now, Viva will pay $351,000 for KAMT and assign $100,000 for payments owned to Whitley and Reed. These payments will be credited toward the purchase price.
With Smith dismissing her Petition to Deny the KQFX sale, Viva will now have an option, expiring in August 2019, to acquire a tower owned by Smith for $700,000. At present, the tower is being used for Viva’s regional Mexican Class C1 KBEX-FM 96.1 “La Poderosa,” licensed to Dalhart, Tex., and is owned by Radio Dalhart.
