The three stations share studios on Monarch Drive in Laredo; KLDO-TV's transmitter is located in Ranchos Penitas West, Texas.[3] As a result of a downturn in the regional economy, Tierra del Sol withdrew; Panorama then reimbursed K-RIO for its expenses in a settlement that paved the way for it to be granted the permit in April 1983.[7] The station switched to Telemundo in October 1988, retaining select ABC programs including sports, Good Morning America,[8] and Nightline.The move coincided with Panorama signing a management agreement with Francisco Javier Sánchez Campuzano, the president of Mexico City-based Grupo Siete, which at the time owned several radio stations in Nuevo Laredo.[9][10] The switch to primarily Spanish-language programming led to an upturn in ratings, moving from dead last to first place in the February 1989 Nielsen survey.