Forum staff reports, Published July 10 2009
New stations to cost Hennen $750,000It will cost Scott Hennen $750,000 to expand his radio station cluster by adding two stations, according to a purchase agreement filed with federal authorities.
The deal to buy Lisbon, N.D.-based stations KQLX-AM and KQLX-FM from Terry Loomis was filed on Tuesday with the Federal Communications Commission. It applies to transfer licenses for the stations from Loomis to Hennen’s company, Great Plains Integrated Marketing.
The agreement is contingent on FCC approval of the sale, which typically takes about 60 days, and it calls for an initial payment of $250,000 with the other $500,000 stretched out over 10 years.
Sale of the stations was announced Monday. It will expand Hennen’s station group from two to four. Ed Schultz, whose liberal politics are at odds with Hennen’s right-wing viewpoint, will host a one-hour local show on one of the stations being sold, KQLX 106.1 FM.