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Lubbock's NextMedia stations (K3L, KMMX, KBTE, KONE), are they sold yet?

G

Garrett

Back in May, NextMedia announced that they had agreed to sell their Lubbock properties. You can read that announcement here: http://www.nextmediagroup.net/NextN...lsstations.pdf?ticker=W142624&item_id=1073420

The press release states that the deal is to close in the 4th quarter of 2005.
Well, I do not know when that is, but I just checked Mix100's website, and they still list themselves as NextMedia, and still have a link to the company's website. On the air, there have been a few changes, but nothing that indicates a change of management. It's pretty much status quo. Same for KONE, KLLL and KBTE.

So the question is this:
Has Wilks Broadcasting closed on their purchase yet? If not, when will they do so? Or, is the deal in trouble.

In responding to this, please keep out any political comments like "those stations are...." Or, "Next media is good/bad/whatever." I'm only interested in what the situation is with the sale, not any kind of comments about good/bad management.

Can anybody say what's going on over there?
 
Garrett,

Those stations should be in Wilkes portfolio in the nnot so distant future. I've been a part of many station that went through ownership changes and it is nothing like trading a car. When ClearChannel announced the purchase or "merger" with AMFM in August of '99, it was almost a year before checks started coming from SanAntonio. A process it is, patience young man.
 
> Garrett,
>
> Those stations should be in Wilkes portfolio in the nnot so
> distant future. I've been a part of many station that went
> through ownership changes and it is nothing like trading a
> car. When ClearChannel announced the purchase or "merger"
> with AMFM in August of '99, it was almost a year before
> checks started coming from SanAntonio. A process it is,
> patience young man.
>

Well, this is Lubbock afterall...

In San Diego, when Jacor took over 9 radio stations, the ink on the LMA's weren't even dry yet before Jacor began making changes, and they were sweeping changes!

I guess the situation is different here.
-G.
 
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