Ingstad Just Couldn't Stay Away
Shortly after Larry Wilson's L&L (stands for Live and Local) Broadcasting of Portland, Oregon, announced the closing of Triad Broadcasting, Jim Ingstad walked up the street from the stations he used to run and sold to Duke Wright for $25 million and purchased his former competition.
In 2006, Ingstad bought back the six stations that would become Radio Fargo-Moorhead for $14 million from Clear Channel, after selling the cluster in 2000 for $46.5 million
Instad said, “I am very happy to be able to continue my radio station involvement in Fargo.” The purchase gives Ingstad control of the stations that were owned by Triad Broadcasting: KQWB 1660 AM (True Oldies); KPFK 107.9 FM (The Fox); KLTA 105.1 FM; KVOX 99.9 FM (Froggy); KBMW 1450 AM; and KQWB 98.7 FM (Q98). The stations Ingstad sold to Midwest Communications are: Talk KFGO-AM, Top 40 WDAY-FM, Country KBVB-FM, Classic Hits KMJO-FM, Sports KVOX-AM, and Classic Rocker KRWK-FM.
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