On January 17, 1992, KWIC and sister station KKFH were forced off the air due to the financial problems of owner Modern World Media, whose principal shareholder was former Texas Governor Mark White. White was ordered to transfer his shares in the station to former presidential candidate Ross Perot, but he instead attempted to sell the station outright to Stephen G. Allison, then-owner of KDGE in Dallas, who likely would have made KWIC a modern rock station targeting Houston. Once the sale fell through, White sold his shares to Perot and the station was sold to El Dorado Broadcasting, a Spanish-language media company in which Perot had financial interests.