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Spanish Broadcasting System to Acquire KROI-FM/Houston


Spanish Broadcasting System
Spanish Broadcasting System

Spanish Broadcasting System SouthWest has agreed to acquire 40kW Gospel KROI-FM (92.1) serving Houston from Radio One for $7.5 million. The spinoff is related to Urban One's purchase agreement with Cox Media Group (CMG) to acquire its radio cluster in Houston. Under the agreement, Urban One will acquire Country KKBQ-FM (93Q), Classic Rock KHPT-FM and KGLK-FM (The Eagle 106.9 & 107.5) and KTHT-FM (Country Legends 97.1).

On April 5, under the related escrow agreement, SBS SouthWest deposited $375,000 into an escrow account. At closing, the company will pay the remaining balance, net of the escrowed funds to Radio One. Subject to FCC regulatory approval, the transaction is expected to close during the third quarter of 2023.

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Voiceover Talent Steve 'Zeus' Stewart Dies at 59
Steve ''Zeus'' Stewart
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K-Love Closes Purchase of KNTI-FM in Lakeport, CA
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K-Love
Bicoastal Media has closed on the sale of KNTI-FM in Lakeport, CA, to K-Love, Inc. Financial terms were not disclosed. Kalil & Co. served as the exclusive broker for the transaction. KNTI broadcasts at 99.5 MHz with 2.45 kW of power and an antenna height above average terrain of 1,896 feet. Oregon-based More

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