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1540 am sold?

Mrtejano

Mrtejano

According to the Tejano and Más Facebook page On a post they post it on Monday the station has been sold and a new format has been launched. I have heard a lady preaching and some guy speaking of sports.
 
I have no information on if KGBC is sold but a likely scenario would be a lease purchase. A lease purchase means you lease the station from the current owner. If you uphold the terms of the lease and fulfill it, a portion of the monthly lease payment is applied to the agreed price of the station. At the end of the lease, you typically make a balloon payment and the sale once the sale is approved by the FCC. If you default on the lease, you have nothing. Most such leases are multi-year, usually 3 to 5 year deals. For a station owner it is a good deal because they can get their price and not have to pay operating expenses that are covered by the lease payment. A license for a radio station is awarded by the FCC to an entity but technically that entity does not own the license but rather is given use of the frequency by the FCC. The FCC can revoke a license leaving a station owner with a bunch of equipment and off the air. So banks don't like to loan money but it becomes easier to get the loan with a few years of a track record of successful operation of a station.
 
Was hearing Spanish language preaching on 1540 during a check on my evening commute, so no mas Tejano y Mas.

The previous Tejano programmer never resurfaced anywhere, either.

Speaking of Spanish language religion, I notice that KRUT-LP is back on the air after a long absence.
 
I haven't heard 1520 AM in San Antonio in a long time. Do you know if that's looking for clients?
 
The Spanish language religion on KGBC 1540 might just be a placeholder format. Programming and advertising are similar to what was running on sister KLVL 1480 when it was between paid clients.
 
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