Multimedios Seeks Foreign-Ownership Ruling to Buy South Texas Radio Stations
Multimedios is seeking an FCC foreign-ownership declaratory ruling to allow its subsidiary Leading Media Group to buy five radio stations in Texas, said a petition posted Wednesday. Since Multimedios is entirely based in Mexico, the company needs FCC permission for…
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the purchasing subsidiary to be 100 percent foreign owned for the deal to go through, the petition said. “Multimedios’s ownership will permit LMG to serve the public interest in South Texas by bringing to the Stations its extensive broadcast experience and expertise and an influx of resources.” The stations involved in the prospective deal are KBDR(FM) Mirando City, its booster KBDR-FM1 Laredo, KNEX(FM) Laredo, KLNT Laredo and KURV Edinburg.