KBMT to be sold

[nbc9houston 22]

McKinnon Broadcasting has placed its ABC/NBC affiliate in Beaumont/Port Arthur, KBMT, up for sale. London Broadcasting Company, which owns stations in Waco and Tyler is an interested buyer.

 

http://www.beaumontenterprise.com/news/local/public_interest_a_concern_in_kbmt_sale_04-14-2009.html

[SFTV 532]

hmm, i wonder what will happen to McKinnon's 2 other stations. KUSI in San Diego and KIII in Corpus Christi.

 

the tv station is being sold at a low price. i know radio station sells at a higher price, interesting.

[CalItalian2 163]

hmm, i wonder what will happen to McKinnon's 2 other stations. KUSI in San Diego and KIII in Corpus Christi.

 

the tv station is being sold at a low price. i know radio station sells at a higher price, interesting.

Radio station prices have come way down as well. Stations are selling as low as 3 or 4 times multiples.