The FM-to-be doesn’t have calls yet, but it has the other normal paramaters. It’ll be licensed to Red Lake Falls MN, and will be a Class C2 on 94.1 MHz with 50 kW @ 345’.
The seller is Normin Broadcasting Company, headed by David De La Hunt. Ingstad’s acquisition company is Iowa City Broadcasting Company Inc.
The price: $100K. Ingstad has made a payment of $15K, will come up with another $35K at closing and strike a note for the remaining $50K.
His other three stations in the area, which is in unrated territory east of Grand Forks ND (and a bit farther away, to the northeast, of Fargo ND, for all you Coen Brothers fans out there), are all licensed to Thief River Falls MN.
* KTRF-AM, a Class C on 1230 kHz with 1 kW-U, ND
* KKAQ-AM, a Class D on 1460 kHz with 2.5 kW-D, 150 W-N, ND
* KKDQ-FM, a Class C3 on 99.3 MHz with 18 kW @ 387’.
De La Hunt had a second role in this deal. In addition to being the seller, he also used his communications engineering skills, marketed under the blanket of his De La Hunt Communications Services, to analyze the local ownership cap implications of the transaction.