LMN won't get involved with the control of the stations for a while. Had lunch with Tom Castro the other day and it doesn't seem like they are ready to take control anytime soon! Someone was telling me they were considering. Mcallen as the main office for LMN seems like a bad idea .
McAllen came with ownership of a large building.... so big much of it was sublet. The renters have been notified of termination and the LMN home office will be located there. The cost of operations there is much lower than any other market they are entering,
If one believes that the whole project is intended to focus on the 2024 elections, there is no need to do anything until late 2023 at the earliest.
Personally, I think that once the election is over, the whole thing will be liquidated. There is a considerable amount of valuable real estate that can be sold if certain stations are closed. Other stations, such as the Fresno and Las Vegas FMs, have some small resale value. Only a couple of the AMs have competitive signals, and the rest are likely worth less than the land they sit on.
Before LMN took interest in the stations, the suspected buyer was a well known conservative operator that is expanding its Spanish language programming, and that transaction would have added to the conservative voices in that language. I think that preventing that transaction was a significant motivator for the Soros-backed group.
Beyond that, the idea that a bunch of AM stations would get any Hispanic audience of significance is absurd, and illustrates the lack of real radio experience among the entire group of founders and backers of LMN.
This is not an "if you build it, they will come" situation as AM is almost totally dead or dying all over Latin America. If you look at the ratings in Mexico City, for example, heritage market stations like XEW, XEX and XEQ all get (based on an estimate of a PUR of 8% of the adult population) less than 0.4 shares; this shows how totally irrelevant AM is to Spanish dominant populations.
There is, so far, nearly no radio operational experience among the whole bunch of minority "partners" who are, obviously, figureheads and not operational participants. The closest we find is your acquaintance Tom Castro whose BMP was foreclosed on by lenders in 2008. Nobody among that group has real contemporary day-to-day radio operations knowledge or experience.