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Dan Patrick buying KSEV from Lieberman

R

radiobop

In a round-robin, Patrick gets it back after selling it years ago to CC. The price is $6.5M cash per RBR.

Interestingly, the article states and I quote "Patrick, who has worked in both television and radio, was elected to the Texas State Senate in 2006 as a Republican. His opponent in the general election, Michael Kubosh, not only allowed him an equal time waiver to get back on the air much earlier than otherwise would have been possible, he went so far as to invest in Patrick’s acquisition of KVCE. Patrick defeated his opponent and business partner with 69% of the 7th District vote."

Now, I ask, was his partner REALLY trying that hard to win?
 
Liberman is not known for selling properties, so I'm curious why they changed their minds in this case. Money for some future acquisition? Might they also be thinking of unloading KJOJ 880 ?

Compare the KSEV sale price to the $8M+ for KCOH, and you can see why that sale is in limbo.
 
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