The Monitor from McAllen, Texas • 16

ISA Wednesday, September 12, 1990 THE MONITOR, McAllen, Texas 1 i announced KVEO-TV sale tae- iYr" mpi ---i i By DAN MURRAY Valley Freedom Newspapers BROWNSVILLE KVEO-TV, the Brownsville-based NBC affiliate for the Rio Grande Valley, has been sold to an Louisiana-based broadcasting company as part of a $30.4 million package. Parent corporation Southwest Multimedia has sold KVEO-TV, along with KWKT-TV in Waco and KPEJ-TV in Odessa, to Associated Broadcasters, a Quorum lacking DONNA A meeting of the Donna Housing Authority, scheduled at 8 p.m. Monday, had to be called off due to lack of a quorum, Executive Director Manuel Moreno announced. The agenda had called for two new members to be named and given the oath of office and new officers to be elected. President Jose M.

(Pepe) Yanez, president, and Valentin Guerrero, vice president, resigned last week. Appointments to Gil the vacancies are to be named by Mayor Hector homa, said Wayne Elmore, company executive vice president and treasurer. While the firm owned only radio stations prior to the purchase, Elmore said, Galloway has previously held interests in television stations. "We see a rebound and we think that things are coming back in this (TexasOklahoma Louisiana) tri-state area," Elmore said. "We think we're catching this thing on an upswing.

We just saw the opportunity there to jump in and get our feet wet. We hope our timing is perfect." Galloway has toured the KVEO property, Elmore said, and anticipates no immediate changes at the station. "I think that we are well pleased with what we see," Elmore said. "Mr. Galloway is excited about what he found.

The stations are in great operating order and the personnel looks extremely good. "We are a very intense selling organization. We sell hard on the streets. That's our forte, so we think we can take the product they have built and get out on the streets and sell it." Lafayette, company, officials for both firms confirmed Tuesday. They said the sale price was $30,415 million.

The transaction still needs approval by the Federal Communications Commission. "We've been negotiating with these people for about a year for the purchase of this station and it's been consumated recently," said Bill Heyman, president and general manager of KVEO. Southwest Multimedia, a Houston-based company whose chairman is Billy B. Goldberg, sold the three Texas television stations because it hopes to purchase stations in larger viewing markets, Heyman said. Associated Broadcasters, is solely owned by President and Treasurer Thomas R.

Galloway Sr. In addition to the newly-acquired television stations, the company also owns three radio stations: KTDY-FM and KPEL-AM in Lafayette, and KEZA-FM in Fayetteville, Ark. Associated Broadcasters is also considering purchasing broadcasting companies in Okla DIEZ SEIS DE SEPTIEMBRE CELEBRATION The Pharr Choot-, rJ i r- imwiiMHwiiui jwu ivfijiKjur wtwncii win present its seventh annual Diez Seis de Septiembre Celebration, "Mexican Food Feria and Dance," Saturday, Sept. 15, at The Plantation, two miles south of Pharr on U.S. 281.

Festivities are from 6:30 to 11 p.m. Tickets are $10 each in advance and $15 at the door. Tickets are available at the Pharr Chamber of Commerce, Plantation Activity Center or from any Pharr IGNC member. Proceeds will go to benefit the Pharr Boys' and Girls' Club ond the Reynosa, Orphanage. Promoting the event ore, from left, seated, June Schwarz, Dick Griffin, Dr.

Tully Mayer, Veronica Moncivais and Debby Zeller, and standing, Lillian Ruiz, Margie Griffin. Terri Drefke ond Vivian Westrich. (Pharr Chamber of Commerce Photo) mmmimmmmmtiMmKmi I Inn fr HuKMfF Kitf fin llHfli VJ OUf3 Uu Fraduod fa Display Advertising Department rw- rr V7 'j Discover The Power Of Piano Lessons At Valley Keyboards 'I 2 Valley Keyboards, located at 900 Harvey and North Tenth Street in McAllen, 686-4863 and at 2280 Central Blvd. in Brownsville, 548-1210 in South Texas exclusive dealer for beautiful Baldwin, Yamaha and Perez Sons Pianos, grand pianos, digital keyboards, Clavi-novas, organs, classical organs and grandfather clocks. We offer the largest selection in Texas with over 20 Grand Pianos in stock for you to choose from and over 180 vertical pianos and Clavinovas.

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