Page "Simmons Media Group" Paragraph 7

In 1997, the company also acquired KTND-FM, a station outside of Austin, Texas.

The station broadcast a marginal signal over the Austin metro area but despite its coverage challenges, a newly recruited manager, Daryl O ' Neal, began making a dramatic impact on the operating results.

Within four years the station had paid for itself from cash flow and was worth over 5 times its purchased price.

More importantly engineering upgrades were identified and solidified that allowed a better signal over the Austin metro.

In 2002, the station was sold to HBC / Univision for $ 16 million plus the cost of the upgrade.

Ultimately, the station provided a 9 times return of the original purchase price to the company.