FARGO,ND (NewsDakota.com) According to Inside Radio, in two separate transactions, members of the Ingstad family are buying a trio of stations in the Fargo-Moorhead market from Dakota Broadcasting.
In the first deal, four family members doing business as i3G Radio, have cut a $1 million deal to buy Classic Country “Thunder 106.1” KQLX-FM and “AM Ag News 890” KQLX from Dakota.
The FM is a 100,000-watt Class C. The AM is a regional agriculture news outlet. i3G is owned by Rob Ingstad, Tallie Colville, Tami Ingstad Knudson and Todd Ingstad; the four siblings are children of Jan Ingstad and the late Robert E. Ingstad Jr.
Terry Loomis, who built the two stations in the mid-’80s, will continue as general manager for both outlets.
In the second deal, Brooke Ingstad, daughter of Jim Ingstad, is buying classic hits “Eagle 106.9” KEGK in the Fargo-Moorhead market from Dakota for $600,000. Her Radio Wahpeton-Breckenridge company earlier filed a $275,000 deal to buy classic hits “92.7 The Drive” KZDR from Robert J. Ingstad’s Basin Mediactive and has a pending $300,000 deal to buy country KBMW (1450) from her father, Jim Ingstad. She also owns the Moorhead, MN-licensed translator K245BY at 96.9 FM and holds an 11% minority stake in her father’s group.
KZDR will change its branding to “B92.7 FM” and call letters to KBMW-FM with plans to refocus its programming and that of KEGK on the nearby Breckenridge-Wahpeton market. Brooke is also the granddaughter of the late Robert Ingstad who owned KBMW from 1960-72. After his death, his son Robert Jr. ran the station until 1982.
In addition to keeping the Ingstads as one of the region’s biggest operators, the deals also extend the family’s radio ownership tradition to a third generation.
The above story is courtesy of the Inside Radio publication.
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