The BizRadio Network plans to start broadcasting on a new frequency and its own station in the Houston area on Feb. 1, with plans for stations in other markets.
The organization purchased KTEK(AM), Alvin, Texas, at 1110 kHz, calling it the first in a series of acquisitions and expansions. The station has been owned by Salem.
BizRadio is based in Houston and envisions KTEK as its flagship station. Daniel Frishberg is founder and host of “The MoneyMan Report.” BizRadio now leases on KXYZ in town; the company also is heard in Dallas-Fort Worth on KMNY(AM).
A building at Westheimer and Beltway 8 is home to a new BizRadio Learning Center to accommodate the company’s investing seminars, as well as a partner restaurant surrounded by plasma screens, the company said.
The restaurant, which has a Wall Street theme, shares a glass wall with the studios. “Not only will you be able to get a fabulous meal and all the news you need, patrons will be selected for spontaneous on-air interviews during our radio shows,” Frishberg said in the announcement.
The Houston Chronicle reported the station purchase price at $7.75 million.