Washington
KKMO-AM/Tacoma (Seattle-Tacoma)
PRICE: $3.69 million
TERMS: Asset sale for cash
BUYER: Intelli, LLC., headed by Managing Member Tron Do. Phone: 408-947-7517. It owns no other stations. This represents its entry into this market.
SELLER: Salem Communications Corporation, headed by CEO Edward Atsinger, III. Phone: 805-987-0400
FREQUENCY: 1360 kHz
POWER: 5kw day/night
FORMAT: Mexican
COMMENT: Salem Communications’ Inspiration Media's KKMO-AM/Tacoma, WA to Intelli, LLC. for $3.69 million, payable in cash at closing. $184,500 escrow deposit.

Is El Rey Next?

KKMO has a music format on an AM without full market coverage. In addition, some of their fringe signal will virtually disappear in the near future, when KRKO raises power. If they can get nearly $3.7 million now, I'd go for it.

I believe the folks who bought the station are quite familiar with Bustos since the guy who bought it does some programming in San Jose a market Bustos is in. They may have worked a deal where now Bustos will buy El Rey and then package one or two of his AMs to either Salem or the guy that bought KKMO. Its a behind the closed door type deal.

Those who have been trying to negotiate for KKMO or El Rey got schooled by Bustos in the art of negotiations and buying radio stations.

Even if the company that bought KKMO didn't colaborate with Bustos, Salem from what I understand wanted to sell KRYP with KKMO and would only sell KRYP alone only if KKMO is sold.

Mark my words......

Is KKMO keeping the spanish format?

It doesn't look like it.

The group(ALTA)that finances Bustos is a part of the same group that is moving 104.5, The Dalles, up to Covington, WA
http://fjallfoss.fcc.gov/prod/cdbs/forms/prod/getattachment_exh.cgi?exhibit_id=5 93143A

Semoochie is probably correct. The additional reason that Bustos would be happy with above possibilities.... They would own the Seattle market and the Portland Spanish radio market.