As quoted from Upper Midwest Broadcasting (11/26/2006):
"James Ingstad is spinning off KFAB-FM/92.7 (Kindred-Fargo) to Northwestern College as part of his purchase of Clear Channel's Fargo group. Clear Channel had been "grandfathered" to own more stations than allowed under current rules. Ingstad's "Radio Fargo-Moorhead" will pay $14 million for the group, which also includes KFGO/790, KVOX/1280, WDAY-FM/93.7, KRVI/95.1, KVOX-FM/99.9, KKBX/101.9, and KDAM/104.7. Then, KFAB-FM will be transferred to Northwestern in exchange for a $500,000 credit on rent for WDAY-FM's use of Northwestern's KFNW-FM/97.9 tower near Amenia. Northwestern also owns KFNW/1200, and Fargo will be the only market where it owns three stations."
So...let the rumors begin .. 'eh? Interesting to see what plays out next kids!!!
"James Ingstad is spinning off KFAB-FM/92.7 (Kindred-Fargo) to Northwestern College as part of his purchase of Clear Channel's Fargo group. Clear Channel had been "grandfathered" to own more stations than allowed under current rules. Ingstad's "Radio Fargo-Moorhead" will pay $14 million for the group, which also includes KFGO/790, KVOX/1280, WDAY-FM/93.7, KRVI/95.1, KVOX-FM/99.9, KKBX/101.9, and KDAM/104.7. Then, KFAB-FM will be transferred to Northwestern in exchange for a $500,000 credit on rent for WDAY-FM's use of Northwestern's KFNW-FM/97.9 tower near Amenia. Northwestern also owns KFNW/1200, and Fargo will be the only market where it owns three stations."
So...let the rumors begin .. 'eh? Interesting to see what plays out next kids!!!