Three Oklahoma FMs Sell For $750K


Media Services Group tells Radio Ink that High Plains Radio Network in Plainview, Texas, is buying three stations in Altus – Oklahoma, KEYB-FM, KJOK-FM, and KKRE-FM – from Altus FM, owned by Paul and Scott Wilmes, who have no other stations. The purchase price is $750,000, with $600,000 for the assets at closing and $150,000 in a three-year consulting agreement. High Plains Radio Network also has 10 AM and FM stations in west Texas, serving the Plainview and Lubbock markets. Bill Whitley and Bill Cate of Media Services Group were exclusive brokers of the transaction. Whitley represented the Seller, and Cate represented the Buyer.


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