 | This articleneeds additional citations forverification. Please helpimprove this article byadding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "BMP Radio" – news ·newspapers ·books ·scholar ·JSTOR(December 2019) (Learn how and when to remove this message) |
BMP Radio, also known asBorder Media Partners, was a privately owned Hispanic focused radio broadcasting company headquartered inHouston, 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 thatGoldman 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 toR 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]
 | ThisUnited States media company article is astub. You can help Wikipedia byexpanding it. |
  | This article about a radio station in Texas is astub. You can help Wikipedia byexpanding it. |