[Minnesota] An unusual deal for a owner buying a station

Iceberg

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The No Pain Train
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Nov 17, 2003
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Dont see this every day...note the bolded part ;)

The Twin Cities oldest Christian FM station is about to go commercial as Northern Lights Broadcasting buys KNOF/95.3 (St. Paul). The locally-owned company, owned by the Pohlad family, is buying KNOF from Praise Broadcasting for $7.95 million.

Northern Lights' only other broadcast holding is Adult Alternative outlet and Twins flagship "Go 96.3" (KTWN-FM Edina-Minneapolis). The deal specifies that Praise will be able to program the HD2 channel of KTWN-FM.

The deal also includes several provisions that you don't usually see in a broadcast sale: Northern Lights will work with the Twins to continue one "Faith Night" in each of the next five seasons, help arrange a concert for Praise at Target Field in each of the next two years, give Praise group hospitality and banquet space at Target Field once per year for the next five years, pay a web developer up to $50,000 to rebuild the Praise website and launch a mobile app, buy a $50,000 video software system to give to the seller, and pay to syndicate Praise programming to ten stations.

Revs. Fred and Grace Adam launched KNOF in 1960. It operated quietly from Selby Avenue with a traditional Christian format for decades while the FM dial grew more crowded. Grace Adam donated the station to North Central University in 2008, which had Praise Broadcasting program the station until Praise purchased it outright for $5 million last year. Praise Broadcasting is a sister organization to Christian Heritage Broadcasting, which owns three stations in western Minnesota that simulcast "Praise FM" programming with KNOF.
 
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jegrant

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Aug 5, 2005
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I guess this was one of those "What do we need to give you to get this deal done?" and that was the answer ;)
 
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Iceberg

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The No Pain Train
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Nov 17, 2003
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None Your Business
Whats odd is it only broadcasts at 900 watts from the IDS tower and 96.3 has pretty much the same coverage except its not as good in the east metro
They use to be at 2800 watts but wanted a higher tower so in exchange they downgraded power. They cant go much more power as KCHK 95.5 in New Prague (1/2 hour south of the metro) is next door on the frequency (and occasinoally does cause interference depending on where you are)

Dont now what they'll put on it as of right now.
 

navychop

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They can break open the wallet for multiple towers and beam shaping. Avoid interference. We do it in the military all the time. I think VOA does too.

Cost effective? Methinks not!
 

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