May 17, 2011
Jim Phillips, a local businessman, has agreed to purchase the assets of radio station KBEC-AM, licensed to Waxahachie, Texas.* The seller consists of three individuals: Jeanne Mosley, Sandra Howell and Ken Roberts. KBEC is a full time AM station broadcasting from 1390 kHz with 500 watts day and 260 watts night.
The purchase price is $1,250,000. Neither the buyer nor the seller has other broadcast interests.
Bill Whitley of our Dallas office assisted the seller in this transaction.
* Pending FCC Approval