The previously announced sales of a pair of station clusters in Fargo closed today leading to a third sale.
Midwest Communications finalized its $25 Million purchase of Radio Fargo-Moorhead from James Ingstad, while Larry Wilson’s L&L Radio completed its $21 Million purchase of Triad Broadcasting’s 32 stations including six in Fargo.
With those deals complete, Ingstad has turned around and acquired L&L’s Fargo stations for $9.5 Million.
The stations involved in the purchase are Rock “Q98” 98.7 KQWB-FM, Country “Froggy 99.9” KVOX-FM, AC “FM 105.1” KLTA, Classic Rock “107.9 The Fox” KPFX, News/Talk 1450 KBMW, and Oldies “True Oldies 1660” KQWB.
Ingstad will immediately begin operating his new cluster via LMA. He also owns twelve stations in the Tri-Cities and Yakima markets of Washington. Other members of his family are active in radio. Brother Tor owns stations across Minnesota, while his mother’s Ingstad Family Media operates in six markets in North and South Dakota.
L&L Broadcasting will retain the other clusters it acquired in the Triad Broadcasting purchase in Biloxi, MS, Bluefield, WV, Peoria, IL, and Savannah, GA/Hilton Head Island, SC.
