September 19, 2011
Absolute Communications II, L.L.C. has agreed to purchase the assets of radio stations KITN-FM, KWOA-FM, and KWOA-AM, licensed to Worthington, Minnesota from Three Eagles of Luverne, Inc.* The price is $2.2 million.
“I’ve been talking to John Daniels about this for many years and he was in position to make the combination work at this time, said Rolland Johnson. Like many markets, this is one that can be better served by having a common owner. We believe the service to the community should only be improved with this combination of stations.”
"We are very enthused for this combination of resources, said John Daniels, Absolute Communications. Our US104 experience in the greater Worthington/Sibley area has been most enjoyable during our three years here, and we expect even greater community involvement going forward following FCC approval of this expansion. Rolland Johnson at Three Eagles has been most patient while we’ve arranged to be in position to do this. We’re looking to the future here with great anticipation."
Jerry Johnson of our Minneapolis office was the broker of record for Three Eagles Communications.
* Pending FCC Approval