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Midwest Acquire Backyard's Sioux City SD Cluster
RADIO ONLINE | Wednesday, July 25, 2012 | 2:14pm CT |
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Midwest Communications has agreed to acquire KELO-AM & FM, KSQB-FM, KXQL-FM, KRRO-FM, KTWB-FM and KWSN-AM/Sioux Falls, SD, from Backyard Broadcasting. Terms were not disclosed. Backyard is a Jacksonville, FL-based company, headed by President/CEO Barry Drake, that also owns broadcast interests in Indiana, Pennsylvania and New York.
"I am very pleased to see these stations go to Duke Wright and Midwest Communications. Duke and his group have an outstanding reputation and a true love for local radio. Midwest communications will be a terrific addition to the Sioux Falls community," said Drake
"We are truly excited to be entering the Sioux Falls, SD, radio market with the pending acquisition of the stations operated by Barry Drake's Backyard Broadcasting Group. Sioux Falls is an excellent market and the Backyard stations have provided excellent service to the area for many years. we look forward to continuing that tradition," said Midwest President/CEO Dule Wright.
Midwest Communications is a Wisconsin-based company comprised of Midwest Communications Inc. and WRIG Inc. which collectively owns forty-seven stations throughout Wisconsin, Minnesota, Michigan, Illinois and Indiana.
Kalil & Co. was the exclusive broker
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