Didn't I say that this might happen with the upgrade of KPTY, awhile back? Rest assured, if this comes to Houston it'll be on 104.9/105.3 to cover both Houston and the Triangle. It would be a mistake to place it on KQBU as the signal coming from Port Arthur can't compete with KKHH or KRBE. 104.9/105.3, however, would give Hot and KRBE a heck of a fight.
The iron is hot. Univision should strike now. KRBE is about to become a stand alone, Cumulus may end up pulling out of the market and thus KRBE is ripe for the picking. 95-7 would certainly lose a portion of their listenership from an H20 launch as well.