We have some additional color to add to the tale of the 28M acquisition of KTTB-FM in Minneapolis-St. Paul. Steve Woodbury will run the new company, Northern Lights Broadcasting, and now we know who he'll be running it for. That individual would be Carl Pohlad, owner of MLB's Minnesota Twins. As GM, Woodbury knew the station would be coming on the market and was able to convince Pohlad to be the one to invest in it, according to WCCO-TV.
Pohlad has also instructed Woodbury to be on the look-out for more radio stations, and possibly for television stations as well. KTTB-FM, a standalone, was a logical liquidation target for Radio One, but nonetheless Woodbury says it is very profitable and plans no changes in either the staffing or format. Star Media Group's Peter Handy had a hand in the transaction on behalf of the seller.
