Report: U. Of Texas Regents Voting On KXBT/Austin Purchase
July 9, 2012 at 4:20 AM (PT)
The AUSTIN AMERICAN-STATESMAN reports that the UNIVERSITY OF TEXAS board of regents is voting WEDNESDAY (7/11) on a proposal to buy Classic Hits-Oldies KXBT (AUSTIN'S GREATEST HITS)/AUSTIN from BORDER MEDIA PARTNERS (BMP AUSTIN LICENSE COMPANY, L.P.) for $6 million.
If the sale is consummated, the school would use the new signal, re-dubbed KUTX, to split music and news with noncommercial KUT/AUSTIN, with one signal airing News and Talk programming and the other most likely an eclectic music format tied to the school's CACTUS CAFE live music venue.