KSBJ EF Closes on Buy of KSHN-FM Beaumont for $1.3 Million
|RADIO ONLINE | Monday, October 7, 2019|
KSBJ Educational Foundation has closed on its previously announced acquisition of 26.5kW Oldies KSHN-FM, licensed to Liberty, TX and serving Beaumont-Port Arthur from Trinity River Valley Broadcasting. The purchase price was $1.3 million. KSBJ Educational Foundation is headed by Joe Paulo and has multiple broadcast interests in Texas. Trinity River Valley Broadcasting is headed by Bill Buchanan and has no other broadcast interests.
Scott Knoblauch of Spectrum Media and Bill Whitley of Media Services Group's Dallas office represented the buyer in the transaction.