Since most of the posts here are about a specific station or about what they think is missing in the market, I will give you a total overview based on what I know (which isn't much considering I've been working in the market nearly 20 years). Thanks to Captex for his ratings chart which I am using for reference:
majic 95.5 soft rock 6.1 up - Owned by Entercom, formerly CBS, long running format, probably their best book ever. Music intensive. Delilah at night.
klbj-am 590 newstalk 6.1 up - Emmis. Was owned by LBJ Family. Probably best book ever. Mostly conservative talk and 24/7 news updates.
kvet 98.1 country 5.8 up - CC. Classic Country and New Texas Country. Heritage station originally on 1300am. Very popular morning show (was Sam and Bob now Bucky and Bob) that has recently been revamped and is simulcasting on Sports 1300 (for the moment)
kase 100.7 country 5.4 dn - CC. New Nashville country. Spent years as number 1. Slipping under Clear Channel yoke. Fairly popular morning show with Rob And Bama. Just lost female co-host and in search of a new one.
kiss 96.7 top 40 5.1 stable - CC. Top 40. Been around for a long time (KHFI call letters). Popular Morning show Bobby Bones beginning to syndicate.
klqb 104.3 spanish 4.9 up
bob 103.5 hits 4.6 stable - Emmis. Was Oldies 103 for CC, they had to sell per FCC. Bob is like Jack in other markets. Ipod style, "We play anything". Hardly any jocks to speak of.
hot 93.3 urban 4.5 up - Emmis. Station has changed format many times. Now hip-hop.
klbj 93.7 rock 3.6 up - Emmis. Heritage Rock station. Occasionaly adds in more classic rock. Popular Morning show Dudley and Bob get most of the ratings and make most of the money for the station.
mix 94.7 hot ac 3.8 up - Entercom. More alternative than most "Mix" formats. JB and Sandy morning show moderately popular but have slipped alot.
101x 101.5 new rock 2.9 dn - Emmis. Started out on 107.7 as KNAC. Big Jock turnover through the years. Morning X show featuring Debbie who was fired from JB and Sandy show on Mix.
khhl 98.9 spanish 2.8 dn - Border. La Ley. Mexican Regional.
jammin 105.9 urban ac 2.7 up - CC for the moment. Must be sold as part of privatization. Used to be a good format. Added more modern stuff to match with Kidd Kraddock morning show which was brought in. Currently no jocks at all (running out of a closet I am told).
kgsr 107.1 alternative 2.6 dn - Emmis. Very popular station with very low ratings. Started the AAA format. Ties in well with the "Live Music Capital". Can't seem to get numbers....
kinv 107.7 spanish 2.3 stable - Univision.
kpez 102.3 religious 1.9 stable - CC. Used to be Classis rocker for years. Now boasts "Positive music for your family". Contemporary Christian pop. Family Friendly mornings. Pet CC project that may not last long.
beat 104.9 urban 1.9 dn - Border. Format used to be owned by Entercom on 104.3. Moved here when 104.3 was sold. Has been very popular in the past but hasn't been able to go anywhere since the change.
kxxs 92.5 spanish 1.8 stable - Border. "Digital 92.5" Spanish Pop
kjce 1370 talk 1.2 up - Entercom. Syndicated Consevative talk. Dr. Laura, O'Reilly, Hannity, etc. Nothing live except a couple of weekend specialty shows.
kvet 1300 "The Zone" sports .9 dn - CC. Home of University of Texas Sports. Really down because of personel and PD problems (upper management really F'd this one up). Forced for the moment to carry Bucky and Bob morning show from KVET FM. Bucky Godbolt was well liked morning co-host on the Zone before losing co-host and two shows merged. Will probably change back soon. Two other live shows during the day and Jim Rome. Fox Sports.
kfon 1490 spanish .6 dn - Border. Norteno.
kznx 1530 sports .4 - Simmons. Espn affiliate. They also own KWNX 1260 which is ESPN Deportes. Recently added several local shows (mostly ex-CC Zone talent). Probably won't last much longer because they are hemmoraging money.
kelg 1440 spanish 0.0
klgo 99.3 religious 0.0 dn "The Word" Christian and Conservative talk. Used to be on KIXL 970am until that was sold. Every hour is a different program.
koke 1600 spanish 0.0 dn - Was Air America until sold by Border.
ktxz 1560 spanish 0.0 dn
There are also the non-coms: KUT 90.5 NPR affiliate, KVRX/KOOP 91.7 - community and student radio from UT share this freq., KNLE 88.1 Contemporary Christian, KMFA 89.5 - classical, and KAZI 88.7 - a More urban bent community radio station.
That's all I have. Feel free to fill in the blanks if you know about stuff I missed.
As you can