KFGO, sister stations deal worth $25 million
FARGO - Midwest Communications will pay $25 million for KFGO and the five other local stations that make up Radio Fargo-Moorhead, according to a purchase agreement filed with the Federal Communications Commission.
Radio Fargo-Moorhead owner Jim Ingstad is selling the stations for $11 million more than he paid when he bought them back from Clear Channel Communications in 2006, after having sold them to Clear Channel six years earlier for $46.5 million.
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