No way does Patrick pay $1 Million a month. Leased stations in Houston go for $65K/month at the BizRadio level. Patrick may be paying at the higher end of the scale, but no way is he paying Liberman a mil a month and no way will Liberman ever sell. He doesn't sell anything. He acquires and generates lots of cash flow.
Betcha the figure is one megadollar per year
for KSEV, which would make more sense. Probably too much considering the crummy nighttime signal, but a very sharply defined demographic target brings in some $$$.Liberman will hang on to KSEV. The same with KJOJ 880, a Vietnamese language LMA.