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95.3 South Padre Island gone

From RadioInsight:
"MBM Texas Valley has surrendered the license of 95.3 KZSP South Padre Island TX. MBM had sold KZSP to Xavier Cantu’s Xavier Entertainment LLC for $85,000 in April, which failed to close."
Xavier was active in the last FCC auction. Perhaps they had a change of strategy and redirected resources to win those new CPs.
 
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