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La Promesa Foundation Buys Texas Radio Outlets


La Promesa Foundation, headed by President Leonard J. Oswald, has agreed to acquire KEES-AM (1430)/Gladewater, TX and FM translator K243CU (96.5)/Longview, TX from Salt of the Earth Broadcasting, headed by President Darrell E. Martin. The purchase price is $125,000 cash at closing. Media Broker John W. Saunders was the exclusive broker on the transaction.

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Latest Radio Stories

iHeartMedia Promotes Matt Ginn to Division President
Matt Ginn
Matt Ginn
iHeartMedia has promoted Matt Ginn to Division President of Community Markets, effective immediately. In the role, Ginn will oversee 30 markets across the Midsouth, South Carolina, Georgia, the Southwest, and Texas. His responsibilities include supporting local sales teams with tools, training, and best More

Survey: Radio's Reach Strong, But Perception Lags
DMR/Interactive
DMR/Interactive
A new industry survey suggests radio's biggest challenge isn't audience size, but how effectively it communicates its value to advertisers and listeners. In advance of Sunday's New England Patriots-Seattle Seahawks game, DMR/Interactive surveyed radio industry executives with a hypothetical question: if the More

SiriusXM Reports $8.56B 2025 Revs, $1.26B Free Cash Flow
SiriusXM
SiriusXM
SiriusXM Holdings reported fourth-quarter and full-year 2025 results, posting full-year revenue of $8.56 billion, down 2% from 2024, while delivering net income of $805 million and free cash flow of $1.26 billion, a 24% increase year over year. Fourth-quarter revenue totaled $2.19 More
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Katz Radio: Women Remain Audio's Most Loyal Audience
Katz Radio Group
Katz Radio Group
As Women's History Month approaches in March, new insights from Katz Radio Insight highlight the enduring and influential role audio -- particularly radio -- continues to play in women's daily lives. For decades, radio has served as a trusted companion for women, offering music, More

Radio Vet Rebuts Gene Simmons on Music Fairness Act
Rock star meets radio host
Rock star meets radio host
A veteran radio programmer has pushed back on Gene Simmons' call for Congress to pass the American Music Fairness Act, arguing that the proposed legislation overlooks existing royalty structures and could unintentionally harm music radio. In a letter to the editor published by the Los Angeles More

Triton Digital Launches Podcast Industry Benchmark Tools
Triton Digital
Triton Digital
Triton Digital has introduced a new Podcast Metrics Industry Feature Set designed to give publishers a broader view of how their shows perform relative to the wider podcasting market. The new tools expand Triton's existing Podcast Metrics offering by adding access to More

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