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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

Don Boyd Expands Cumulus Regional Leadership
Don Boyd
Don Boyd
Cumulus Media has promoted Don Boyd to Regional Vice President, expanding his leadership responsibilities to include the company's radio operations in Baton Rouge, Lafayette and New Orleans, Louisiana, as well as Columbus-Starkville, MS. Boyd will continue overseeing Cumulus in Mobile, AL while adding More

John Clay Wolfe Show Lands Expanded iHeart Deal
John Clay Wolfe
John Clay Wolfe
The John Clay Wolfe Show is expanding its national radio presence as it celebrates its 20th anniversary, thanks to a new multi-year agreement with iHeartMedia. Beginning July 11, the four-hour Saturday morning program will air on 116 iHeartMedia stations nationwide, more than doubling its previous More

Study: AM/FM Dominates Listening Among BMW Drivers
Cumulus Media and Westwood One
Cumulus Media and Westwood One
New research highlighted by Cumulus Media | Westwood One's Audio Active Group shows AM/FM radio remains the dominant ad-supported audio platform among BMW drivers, reinforcing radio's value for automakers and dealers looking to reach both loyal customers and buyers of competing brands. In a new blog More
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FCC Approves Updated iHeart Foreign Ownership Plan
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
The FCC's Media Bureau has approved iHeartMedia's request to update its foreign ownership structure, clearing the way for several new foreign individuals and affiliated entities to hold indirect ownership interests in the company while leaving previously authorized ownership limits unchanged. In a More

SMAC, AMP Media Launch New Podcast Network
SMAC and AMP Media
SMAC and AMP Media
SMAC Productions is expanding its content portfolio into podcasting through a new partnership with AMP Media, launching The Intersection, a podcast network focused on sports, entertainment, business and culture. The new network will debut later this year with two flagship shows featuring well-known More

Chelsea Handler Launches Dear Chelsea Network
You're The Problem
You're The Problem
Chelsea Handler and iHeartPodcasts are expanding their podcast partnership with the launch of the Dear Chelsea Network, a new multi-year venture that will feature Handler's hit podcast Dear Chelsea alongside several new original shows. The first new title on the network, You're the Problem ... with More

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