June 24, 2011
Randal Osherow, Bankruptcy Trustee, pursuant to an order of the United States Bankruptcy Court Western District of Texas, has sold a four radio station cluster serving Fredericksburg, Texas to Norbert Fritz. Neither party has other broadcast interests. The purchase price is $700,000. *
The radio stations include:
KFAN-FM Johnson City
Bill Whitley of our Dallas office represented the Trustee in this transaction.
* Pending FCC Approval