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Border Media to be liquidated

July 28, 2009 by Veronica Villafañe

Border Media Partners, previously known as BMP Radio, will be taken over by its lenders, because the company failed to make any debt payments for the past 2 years.

The privately owned company, headquartered in Dallas, has 29 radio stations and online properties in Texas and Mexico. Most of the stations air Spanish-language programming.

Radio-online.com reports that according to an FCC filing, the lenders say the takeover was “amicable.” CEO Jeff Hinson will step down on Friday. The company’s assets will be liquidated.

Tom Castro founded BMP Radio in 2002.

 

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Filed Under: TV & Radio

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here

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