High Plains Radio Network, LLC Acquires Two More Oklahoma Stations
August 1, 2016
High Plains Radio Network, LLC of Plainview, Texas has acquired two more stations in Western Oklahoma. After recently acquiring a 3 FM station cluster in Altus, OK, Monte Spearman’s High Plains Radio announces its acquisition of an AM and an FM in nearby Frederick, Oklahoma. High Plains is acquiring KBYE-FM, owned by Fort Worth Media Group/LKCM Radio Group, LP and KTAT-AM, owned by Morey Broadcasting, LLC. LKCM Radio Group has other broadcast interests in Corsicanna, TX; Wichita Falls, TX; Dallas/Fort Worth, TX; and Las Vegas, NV. Morey Broadcasting has no other broadcast interests. Total consideration for the pair was $210,000 cash, $175,000 for the FM and $35,000 for the AM.
High Plains Radio has 10 stations in west Texas, serving the Plainview and Lubbock markets, three North Arkansas FM stations in Mountain Home, and now 5 stations in the Altus, OK market, for a total of 18 facilities.
Bill Whitley and Bill Cate of Media Services Group were the exclusive brokers of the transaction.