As first reported in Streamline Publishing radio ink, a Class C3 FM serving Tucson from the northwest that was once owned by Entravision Communications is up for sale.
It offers more in-market revenue-generating options for a Hispanic media pioneer that increased its presence in southern Arizona by acquiring an FM station formerly owned by The EW Scripps Co. – and Amador Bustos himself.
KZLZ-FM 105.3 “La Poderosa,” licensed to Casa Adobe, Arizona, is being acquired by Bustos Media Holdings from KZLZ LLC, directed by Todd Robinsonlongtime resort owner based in Greensboro, North Carolina
Robinson paid $4.75 million for the station in the fall of 2006 and completed its purchase from Entravision in December of that year. Bill Whitley of Media Services GroupThe Dallas office represented Robinson in the 2006 transaction, which saw Robinson relocate KZLZ’s licensing town from Kearny, Arizona, a community in Pinal County on the north side of Mount Lemmon, facing Globe, Arizona , and a largely rural area east of Mesa and greater Phoenix.
My way times change. Bustos picks up KZLZ for $1.4 million. A deposit of $75,000 was made.
At closing, an additional $450,000 will be paid in cash. The remaining $900,000 will be honored by a promissory note with an interest rate of 3.5%, paid monthly on a 10-year amortization schedule and due in 3 years with a lump sum payment.
Robinson’s Tower lease with American Tower Corp. is assumed by Bustos as part of the transaction.
Bustos is set to begin operating KZLZ via a time brokerage agreement on April 1. It will be associated with the C2 class under license from Oracle, Arizona. KTGV-FM 106.3, home for Tucson’s “Old School and R&B,” which he agreed to acquire from Lotus Communications in December 2018 as a mandatory spin-off tied to Lotus’ purchase of Scripps’ radio stations in Tucson. At the time, Bustos paid $1 million for KTGV, which reaches Tucson with a 10 kW booster on Tucson Mountain to aid its main transmitter atop Mount Lemmon.
“It’s very gratifying to bring KZLZ back into the Bustos family of stations since we owned it back in the 1990s,” said Amador Bustos, chairman and CEO of Bustos Media Holdings, a separate entity from the company he owned. run for about 25 years. since. He was proud of “La Poderosa” for its great fame in the Hispanic community “due to its constant reach and numerous music festivals serving the Spanish-speaking population”.
Robinson said, “KZLZ has managed to survive as a standalone station for so many years thanks to the efforts of its General Manager, Sonia Tabanico, and its dedicated staff. I am delighted that Bustos Media is the new parent company of “La Poderosa”.
Upon closing, Bustos will now have two company-licensed FM stations in addition to its first station in Tucson, Class B KVOI-AM 1030 in Cortaro, Arizona, a conservative News/Talk station acquired from Good News in July 2018 for $500,000.
The format is unusual for Bustos. But, he explained to Arizona Daily Star“KVOI has been a News/Talk station for many years. It had a number of established followings. I didn’t want to change the format of news talk, but rather wanted to make it much more local. I also wanted to diversify programming. I decided to make it Tucson local.
Based on the asset purchase agreement, Robinson is not selling to Bustos two FM translators associated with KZLZ: a watt K277CV at 103.3 MHz and K223CI at 92.5 MHz. The latter translator is operated by Bustos under the Latin Rhythmic Pop name “URBANA”, using a brand seen on other Bustos-owned stations.