Control Of Minnesota Station Group Sold, Lender Takes Control Of Colorado Station Group
February 17, 2012 at 4:05 AM (PT)
THOMAS E. INGSTAD is selling his 100% interest in IOWA CITY BROADCASTING COMPANY, INC., licensee of several stations in MINNESOTA, to TOR INGSTAD for $4.99 million. The stations include Country KARP-F (HOT 106)/DASSEL, MN; Oldies KDJS-A and Country KDJS-F (K 95.3)/WILLMAR, MN; Country KDMA-A and AC KMGM/MONTEVIDEO, MN; Talk KDUZ-A/HUTCHINSON, MN; Country KKAQ-A-KKDQ and Talk KTRF-A/THIEF RIVER FALLS, MN; Country KKOK-F and Talk KMRS-A/MORRIS, MN; Oldies KKRC/GRANITE FALLS, MN; and AC KRVY-F (97.3 THE RIVER)/STARBUCK, MN. THOMAS INGSTAD earlier this week filed to sell his 49% interest, and RANDY HOLLAND to sell his 2% interest, in INGSTAD BROTHERS BROADCASTING, LLC, licensee of Talk KCHK-A and Oldies KRDS-F/NEW PRAGUE, MN, Talk KNUJ-A/NEW ULM, MN, and Adult Hits KNUJ-F (SAM 107.3)/SLEEPY EYE, MN to TOR INGSTAD for an aggregate $6,375.
In other filings with the FCC, a 51% controlling interest in RADIUS MEDIA HOLDINGS LLC, parent of COLORADO radio groups NRC BROADCASTING MOUNTAIN GROUP, LLC and WILDCAT COMMUNICATIONS, LLC, is being transferred from TIM BROWN to lender ANSCHUTZ CORPORATION in a debt-for-equity swap. BROWN retains 49% of the company. The stations include Triple A KFMU-F/OAK CREEK, CO; Adult Hits KIDN-F (THE MOUNTAIN)/BURNS, CO; Adult Hits KKCH (JACK FM)/GLENWOOD SPRINGS, CO; Talk KNFO/BASALT, CO; Triple A KSPN-F/ASPEN, CO; Country KRKY-A/GRANBY, CO; Top 40 KIFT (LIFT 106)/KREMMLING, CO; Classic Rock KQZR (Z-ROCK)/HAYDEN, CO; Triple A KSMT (THE MOUNTAIN)/BRECKENRIDGE, CO; Country KSKE-F/EAGLE, CO; Spanish Hits KTUN/NEW CASTLE, CO; Spanish Variety KQSE (NUEVO MIX)/GYPSUM, CO; and FM translators K222AJ/VAIL, CO; K224CE/CANYON VALLEY, CO; K237BH/ASPEN, CO; K237BL and K281AM/VAIL, CO; K237CB/EAGLE, CO; K238AB/STEAMBOAT SPRINGS, CO; K256BM and K274AG/DILLON, CO; K270AL/GRANBY, CO; and K288BQ/STEAMBOAT SPRINGS, CO.
BETTER LIFE MINISTRIES is selling the construction permit for a new AM in VALENCIA, NM to HOME TOWN RADIO for $1.
FIRST VENTURES CAPITAL PARTNERS, INC. is selling FM translator W243BD/BEECHWOOD, CO to LANSER BROADCASTING CORP. for $48,500. The station will rebroadcast the buyer's Talk WPNW-A (1260 THE PLEDGE)/ZEELAND, MI.
LA FAVORITA RADIO NETWORK, INC. is selling FM translator K279AM/TURLOCK, CA to CENTRO CHRISTIANO AMISTAD for $1.08 million. The station will rebroadcast Spanish Religion KTIQ-A/MERCED, on which the buyer is brokering time.
And REACH COMMUNICATIONS, INC. is selling FM translator W284AV/DELTONA, FL to VOLUSIA BROADCASTING COMPANY, LLC for $110,000. The translator will rebroadcast Oldies WROD-A/DAYTONA BEACH.