Educational Media Foundation Completes Acquisition of KDJZ-FM from Tom Ingstad North Dakota Bdcstg

FOR IMMEDIATE RELEASE

February 12, 2004

Educational Media Foundation has completed its acquisition of radio station KDJZ-FM, licensed to Harwood, ND and serving the Fargo, ND/Moorhead, MN market, from Tom Ingstad North Dakota Broadcasting, LLC for $750,000.

Jody McCoy of Media Services Group was the exclusive broker in this transaction, representing the Seller.

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