Saturday, January 29, 2022 Jan 29, 2022
36° F Dallas, TX

THE SOUND OF MONEY

By  |

Next time you need a good inflation story, remember KOAX-FM. In August 1976, a company called Metroplex Communications of Texas, with head offices in, urn, Cleveland, bought the station for $1.7 million. Metroplex has now sold KOAX to West-inghouse Broadcasting for $7 million, a 311-percent increase in just over two years. If the FCC approves, the sale price will be a record for an FM station, the previous high being $6.7 million for KPBI-FM in Denver. The new owners have no plans to change the “Beautiful Music” format. Who could argue?

Related Articles

Image
Crime

Money, Love, Bloodust

The people involved with some of Dallas' most notorious cases.

The $5 Million Club

A handful of benefactors have given $5 million or more to Southern Methodist University. Among them: