In July they filed an assignment of license but they have not consummated the transfer. That's why the database still shows Palm as the licensee.
According to what I hear from an inside source at BMP, they're never going to build on that CP but they just hired a consulting engineer to run some studies and they believe the station can be moved 2.5 miles outside of San Antonio. To do this, they need to buy out someone else (not sure who or where that station is...didn't ask) and the price they got was 2.5 million for that station. They plan on doing this in about a year. Again, this is just what I heard from someone in a management position there. So we shall see how that goes.
The reason the station is not broadcasting in stereo is because the stereo pilot was making the station sound "worse" in San Antonio. By killing the pilot they are getting a little better signal into SA.