High Plains Radio Network in Plainview, Texas, is expanding into a third state. After acquiring a three-FM station cluster in Mt. Home, Arkansas, Monte Spearman’s High Plains Radio Network is picking up another trio of FMs, this time in Altus, Oklahoma: KEYB-FM, KJOK-FM, and KKRE-FM from Altus FM Inc. The purchase price of $750,000 includes $600,000 for the assets and a $150,000 three-year consulting agreement.
Altus FM Inc. is owned by Paul and Scott Wilmes, who have no other broadcast holdings. High Plains Radio Network, LLC 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.
