BMP Radio, also known as Border Media Partners, was a privately owned Hispanic focused radio broadcasting company headquartered in Houston, Texas. On July 17, 2009, Radio-Info.com announced that BMP would be seized by its banks after failing to make debt payments for two years.[1] Ten days later, it was confirmed that Goldman Sachs Group, Vestar Capital Partners, and D.B. Zwirn & Co. seized the business and the assets are expected to be liquidated.[2] It was reported that President Jeff Hinson was expected to step down by July 31.[2] This occurred as expected, and station owner and station broker Larry Patrick was named trustee and engaged to dispose of the stations and return any monies to the lenders.
During the 2009 Texas Association of Broadcasters meeting in Austin, Texas it was reported that the McAllen and Laredo area stations would be assigned to a U.S. affiliate of the companies that own the Mexican stations programmed by BMP; this happened in 2012 when the stations were sold to R Communications. The stations in Waco were sold to the Bill McCutcheon interests, while REO Radio Group acquired its stations in Austin.
In October 2013, the last of BMP, the cluster in San Antonio, was sold to Larry Wilson's L&L Broadcasting for $31M.[3]
Referencesedit
^. Radio-Info.com. July 17, 2009. Archived from the original on February 4, 2012. Retrieved May 27, 2011.
^ ab. Radio-Info.com. July 27, 2009. Archived from the original on February 5, 2012. Retrieved May 27, 2011.
^"L&L Broadcasting Acquires Border Media Stations for $31 Million".
radio, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, december, 2019, lear. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources BMP Radio news newspapers books scholar JSTOR December 2019 Learn how and when to remove this template message BMP Radio also known as Border Media Partners was a privately owned Hispanic focused radio broadcasting company headquartered in Houston Texas On July 17 2009 Radio Info com announced that BMP would be seized by its banks after failing to make debt payments for two years 1 Ten days later it was confirmed that Goldman Sachs Group Vestar Capital Partners and D B Zwirn amp Co seized the business and the assets are expected to be liquidated 2 It was reported that President Jeff Hinson was expected to step down by July 31 2 This occurred as expected and station owner and station broker Larry Patrick was named trustee and engaged to dispose of the stations and return any monies to the lenders During the 2009 Texas Association of Broadcasters meeting in Austin Texas it was reported that the McAllen and Laredo area stations would be assigned to a U S affiliate of the companies that own the Mexican stations programmed by BMP this happened in 2012 when the stations were sold to R Communications The stations in Waco were sold to the Bill McCutcheon interests while REO Radio Group acquired its stations in Austin In October 2013 the last of BMP the cluster in San Antonio was sold to Larry Wilson s L amp L Broadcasting for 31M 3 References edit Report says three banks to seize control of Texas based Border Media Partners Radio Info com July 17 2009 Archived from the original on February 4 2012 Retrieved May 27 2011 a b The FCC confirms that Border Media Partners is being taken over by its lenders Radio Info com July 27 2009 Archived from the original on February 5 2012 Retrieved May 27 2011 L amp L Broadcasting Acquires Border Media Stations for 31 Million External links editBMP Radio nbsp This United States media company article is a stub You can help Wikipedia by expanding it vte nbsp nbsp This article about a radio station in Texas is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title BMP Radio amp oldid 1041902833, wikipedia, wiki, book, books, library,
