Leighton Enterprises is purchasing ten stations in two Minnesota markets from Jerry Papenfuss for $9.5 million.
The stations are located in the Fergus Falls/Perham, and Winona markets and operate under the KAGE, Inc., and Result Radio, Inc. names. The acquisitions will nearly double Leighton’s current radio holdings which consists of twelve stations in Grand Forks, ND and Detroit Lakes and St. Cloud, MN.
The stations involved in the deal are: