KXTX-TV Dallas/Fort Worth, Texas
Price: $85.55 million
Buyer: Pappas Telecasting Cos., Visalia, Calif. (Harry J. Pappas, president/owner); owns/is buying 18 other TVs, one FM and one AM; is selling KFRE(AM) Fresno, Calif. Pappas also has construction permit to build WMMF-TV Fond du Lac, Wis.
Seller: Southwest Sports Television LP, Dallas (Thomas O. Hicks, ultimate owner). Hicks also ultimately controls AMFM Inc. and LIN Corp. and Sunrise Television Corp. LIN and Sunrise own/are buying 39 TVs. Upon completion of AMFM's merger into Clear Channel Communications Inc., the new Clear Channel will own/be buying 19 TVs and 879 radio stations, including five Dallas-area FMs-kdmx and kzps, khks Denton and KEGL-FM and ktxq Fort Worth-and six FMs in Bangor, Maine (see first FM item, below). Meanwhile, AMFM is selling KCDA(FM) Spokane, Wash. (See item below). Note: Southwest Sports first will pay $1 million for KXTX-TV, which it currently operates under an LMA. The seller in that deal is Christian Broadcasting Network Inc., Virginia Beach, Va. (Pat Robertson, president); no other broadcast interests
Facilities: Ch. 39, 4470 kW visual, 447 kW aural, ant. 1,679 ft.
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Next TV. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.