BMP Radio: Difference between revisions
Content deleted Content added
Rescuing 2 sources and tagging 0 as dead. #IABot (v1.2.5) |
Citation bot (talk | contribs) Add: title. Changed bare reference to CS1/2. | Use this bot. Report bugs. | Suggested by BrownHairedGirl | Linked from User:BrownHairedGirl/Articles_with_bare_links | #UCB_webform_linked 594/2177 |
||
| (5 intermediate revisions by 5 users not shown) | |||
| Line 1: | Line 1: | ||
{{short description|Mexican-American radio broadcasting company}} |
|||
| ⚫ | '''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.<ref>{{cite web|url=http://www.radio-info.com/news/report-says-three-banks-to-seize-control-of-texas-based-border-media-partne |title=Report says three banks to seize control of Texas-based Border Media Partners |date=July 17, 2009 |work=Radio-Info.com |accessdate=May 27, 2011 | |
||
{{More citations needed|date=December 2019}} |
|||
| ⚫ | '''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.<ref>{{cite web|url=http://www.radio-info.com/news/report-says-three-banks-to-seize-control-of-texas-based-border-media-partne |title=Report says three banks to seize control of Texas-based Border Media Partners |date=July 17, 2009 |work=Radio-Info.com |accessdate=May 27, 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20120204210819/http://www.radio-info.com/news/report-says-three-banks-to-seize-control-of-texas-based-border-media-partne |archivedate=February 4, 2012 }}</ref> 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.<ref name="RI72709">{{cite web|url=http://www.radio-info.com/news/the-fcc-confirms-that-border-media-partners-is-being-taken-over-by-its-lend |title=The FCC confirms that Border Media Partners is being taken over by its lenders |date=July 27, 2009 |work=Radio-Info.com |accessdate=May 27, 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20120205221659/http://www.radio-info.com/news/the-fcc-confirms-that-border-media-partners-is-being-taken-over-by-its-lend |archivedate=February 5, 2012 }}</ref> It was reported that President Jeff Hinson was expected to step down by July 31.<ref name="RI72709"/> 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. |
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.<ref>http://www.allaccess.com/net-news/archive/story/123269/l-l-broadcasting-acquires-border-media-stations-fo</ref> |
In October 2013, the last of BMP, the cluster in San Antonio, was sold to Larry Wilson's L&L Broadcasting for $31M.<ref>{{Cite web|url=http://www.allaccess.com/net-news/archive/story/123269/l-l-broadcasting-acquires-border-media-stations-fo|title=L&L Broadcasting Acquires Border Media Stations for $31 Million}}</ref> |
||
==References== |
==References== |
||
| Line 13: | Line 16: | ||
[[Category:Companies based in Dallas]] |
[[Category:Companies based in Dallas]] |
||
[[Category:Defunct radio broadcasting companies of the United States]] |
[[Category:Defunct radio broadcasting companies of the United States]] |
||
[[Category:Broadcasting companies of the United States]] |
|||
Latest revision as of 06:01, 2 September 2021
 | This article needs additional citations for verification. (December 2019) |
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]
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&L Broadcasting Acquires Border Media Stations for $31 Million".
External links
[edit]
 | This United States media company article is a stub. You can help Wikipedia by expanding it. |
  | This article about a radio station in Texas is a stub. You can help Wikipedia by expanding it. |