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Midwest to Acquire Five in Minnesota from Rad Rock
RADIO ONLINE | Tuesday, August 23, 2016 |
Midwest Communications has agreed to acquire five outlets and three translators in Minnesota from Red Rock Radio Corp. Terms were not immediately disclosed. Included in the deal are 100kW KQDS-FM (94.9)/Duluth, 100kW WEVE-FM (97.9)/Eveleth, 100kW KGPZ-FM (96.1)/Coleraine, 63kW WXXZ-FM (95.3)/Grand Marais and 33kW KAOD-FM (106.7)/Babbitt along with affiliated translators W252AN/Hibbing, W288AI/Ely and W221AU/Virginia.
Midwest Communications is a Wisconsin-based company headed by Duke Wright and owns 73 radio stations throughout Tennessee, Michigan, Wisconsin, Indiana, and Minnesota. Red Rock Radio, is a Minnesota-based company headed by Kathy Lau and Shawn Skramstad and owns 24 radio stations in Minnesota.
Kalil & Co., Inc. is the broker for this transaction.
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