USA Radio Network is being purchased by Life Media Network International, a Texas investment group.
Life Media said it intends to use the acquisition as a foundation for a national media presence. It says it has funding for more purchases from bank and equity firms.
USA was founded in 1985 by Marlin Maddoux and son Mark. It has some 1,000 affiliates and is heard on XM Satellite Radio channels and the U.S. American Forces Network.
The company says its mission is providing “Truth to the Nation” via radio, television, entertainment, publishing, education and the Internet. The late Marlin Maddoux was inducted into the NRB Hall of Fame this year.