Northern Lights Broadcasting Acquires KNOF Minneapolis
The owners of Alternative “Go 96.3” KTWN-FM Edina have purchased Christian “95.3 Praise-FM” KNOF St. Paul from Praise Broadcasting for $7.95 million. The Class A signal operates from the IDS Center in downtown Minneapolis with 900 watts horizontal/820 watts vertical at 258 meters (Coverage Map). KNOF joins KTWN-FM, the recently acquired BringMeTheNews news aggregator and the Minnesota Twins baseball team in the Pohlad’s holdings.
Not included in the purchase is the KNOF call letters or any of the intellectual property associated with the current “Praise-FM” format. Upon closing of the deal, Praise’s programming will continue to be heard in the Minneapolis mark on a to-be-launched HD2 subchannel of Northern Light’s 96.3 KTWN-FM for five years with two one year options to extend for $5,000 per year. Additionally as part of the deal, the Minnesota Twins will hold a “Faith Night” promotion from 2016-2020 and two Praise concerts in 2016 and 2017 at Target Field, a redesign of the station’s website, hospitality events at Target Field, and make arrangements to distribute Praise’s audio and video production to up to ten stations via purchase of a Barix Encoder and paying internet hosting fees.
Praise Broadcasting is based in Osakis, MN and operates three other stations in Minnesota. They began operating KNOF via Time Brokerage Agreement in June 2009 and purchased the station in July 2014 for $5 million.