In November 2013, the future of two TV stations in North Dakota suddenly became fuzzy. Full-power facilities in Bismarck and Minot, respectively, were to be sold for $7.5 million to Excalibur Media, with the company entering into a LMA agreement with Gray Television.
That deal was aborted, after Prime Cities in March 2014 asked the FCC to nix the deal. This resulted in Gray acquiring the intellectual property of the two stations, while it needed to sell the facilities to a woman-owned or multicultural business.
As a result, Legacy Broadcasting — under the control of Sara Jane Ingram and Sherry Nelson — became the owner of the North Dakota duo.
Legacy is now selling the stations to a partner it has had a relationship with since 2015.
In an asset purchase agreement finalized April 6 and filed with the FCC this week, Legacy is selling KNDB-DT in Bismarck, N.D. and sibling KNDM-DT in Minot, N.D., to BEK Sports Network.
The purchase price is $950,000. There is no broker associated with this transaction.
BEK Sports Network is led by Derrick Bulawa and is based in Steele, N.D.
Serving as the legal counsel for Bulawa is Francisco Montero of Fletcher Heald & Hildreth.
