An asset purchase agreement that sees the sale of a UHF television station in Rapid City, S.D.; two low-power TV stations and a TV translator station in Wyoming; and a TV translator in another South Dakota community has officially closed.
As such, the parent of “NewsCenter1” no longer owns the properties, earning $5.9 million for them in a deal brokered by Kalil & Co.
As of today, Forum Communications Company, the Fargo-based media operation that owns WDAY-AM, flagship TV property WDAY-6 and The Forum newspaper, is the owner of NBC affiliate KNBN-21 in Rapid City, along with KKRA-LD 24, KWBH-LD 27 and translator stations K22AD-D in Gillette, Wyo., and K35MW-D in Lead, S. Dakota.
Selling the stations is “NewsCenter1” parent Rapid Broadcasting Company, which owns properties in the vast Denver DMA.
Forum adds to a stable that was first constructed in 1878 and expanded in February 2023 with the purchase of KWSD-36 and presently silent KCWS-LD in Sioux Falls, S.D., from J.F. Broadcasting in Sioux Falls, S.D. for $1.4 million.
Speaking of J.F., it agreed to spin the silent KAUN-LD 48, using digital Channel 25, to Forum in a concurrent transaction for $100,000. There is no broker associated with this separately arranged deal.
