87.7 Dallas

Station Sales Week Of 10/17

Station Sales Greg Jensen’s Hometown Broadcasting of Rochester is acquiring Beautiful Music 97.5 KNXR Rochester, MN. The purchase price is contingent on Minnesota Public Radio agreeing to a lease or allowing the buyer to purchase the seller’s share of Silver Creek Tall Tower Associates, which operates KNXR’s transmission facility. If Jensen acquires the share of the tower site he will pay $1.1 million, if he simply leases the site the sale price drops to $714,910. Hometown Broadcasting also owns Classic Rock “Power 96” KQPR Albert Lea and Classic Country 970 KQAQ Austin, MN. With the September 2015, LPTV digital conversion date postponed indefinitely, the sale of KZFW-LP Dallas has radio ramifications. Central Park Church of God will purchase KZFW-LP, which ha...[Read More]