Top rated KFGO and the five other Radio Fargo-Moorhead stations have been sold.
FARGO - Top rated KFGO and the five other Radio Fargo-Moorhead stations have been sold.
RFM owner and president Jim Ingstad of Fargo has agreed to sell the radio group to Midwest Communications, headquartered in Wausau, Wisconsin. The family-owned company now owns 47 stations in Wisconsin, Minnesota, Michigan, Illinois and Indiana.
Ingstad has owned the cluster of stations for six years. Midwest Communications president Duke Wright says the company has had a long term interest in North Dakota radio.
FCC approval is pending.
The following is the full press release from Radio Fargo-Moorhead:
INGSTAD ANNOUNCES SALE OF RADIO FARGO-MOORHEAD STATIONS TO WISCONSIN FAMILY-OWNED BROADCASTING COMPANY
Radio Fargo-Moorhead Owner and President Jim Ingstad today announces that he has entered into an agreement to sell the six radio stations of Radio Fargo-Moorhead to Midwest Communications, headquartered in Wausau, Wisconsin.
The sale includes KFGO-AM, KVOX-AM, KBVB-FM, WDAY-FM, KRWK-FM and KMJO-FM.
Jim Ingstad comments, "It’s been an honor the last six years to be part of the best broadcast team I’ve ever had the privilege to work with. I consider Duke Wright and Midwest Communications to be one of the finest broadcasters in the country and I know Duke and his team will continue the tradition of excellent broadcasting with the Radio Fargo- Moorhead group."
Duke Wright, President of Midwest Communications adds, "We are a family-owned and operated broadcast company with over 54 years in the radio business. We have had a long-term interest in getting involved in North Dakota radio and we have family in Fargo. The Radio Fargo-Moorhead properties are among the top rated facilities in the country. We are very excited about becoming involved with these great radio stations."
The transaction is pending FCC approval and Midwest Communications will begin operating the stations upon approval.
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Paul Jurgens/Press release