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Monday, October 14, 2013

San Antonio: Border Media Deals To Larry Wilson


L&L Broadcasting has entered into a definitive agreement to purchase radio stations from the Border Media Business Trust. Border Media Business Trust, LP owns eight radio stations located in and around San Antonio, Texas.

The deal is reported to be worth $31M and the stations are KTSA, KTFM, KJXK, KLEY, KSAH-AM, KSAH-FM, KZDC and KHHL.

Larry Wilson, Chairman of Alpha Broadcasting and L&L Broadcasting will add the San Antonio cluster to the thirty-five stations currently in his portfolio.

Commenting on the acquisition, Wilson said, “These are a great cluster of radio stations located in a beautiful market that are operated by a very talented group of people. We are excited to add them to our growing company.”

Larry Patrick, Trustee of the stations said that “we could not be happier to have found a wonderful home for our San Antonio stations. Larry Wilson and his L&L Broadcasting represent the best in broadcasting. We wish him continued great success with this cluster.”

The transaction is subject to FCC approval.

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