A Black Hills cluster is under a new company’s umbrella following the sale of three FM signals and two FM boosters by the Delaware-based Bad Lands Broadcasting Company.
Mid-Century Radio LLC, under Managing Member Aaron Ishmael, is the new owner of KRKI, KFMH, and KXZT, covering Belle Fourche, Keystone, and Newell, South Dakota. The FM boosters for KRKI and KFMH are added to cover Rapid City.
The deal also includes the transfers of a Tower Lease originally made between Bad Lands and Rapid Broadcasting Company in 2015 and Ground Leases to the USDA Forest Service for a Bear Mountain site and the Black Hills Chair Lift Company for a site on Terry Peak.
The final purchase price was $75,000, with a $500 deposit.
There is no broker or finder associated with this transaction. Bad Lands is represented by Barry Friedman of Thompson Hine LLP.
