Less than a year after a new owner took over, a $3.2 million deal is in the works to sell Rochester's KNXR radio station.
Blooming Prairie Farm Radio has started the process to acquire KNXR/97.5, now known as Pulse FM, confirmed Lynn Ketelsen on Monday. Ketelsen owns Blooming Prairie Farm Radio with John Linder, of Mankato. KNXR is owned by Greg Jenson of Hometown Broadcasting in Albert Lea.
The Linder family also owns 13 radio stations in Mankato and southwestern Minnesota and operates the Linder Farm Network.
Ketelson hopes the sale becomes official about mid-February.
If the sale does conclude as expected, it will be the second time the long-time Rochester station has been sold this year. Jenson bought it from Tom Jones of United Audio Corp. in January.
ADVERTISEMENT
Many of the long-time Easy Listening stations were upset when Jenson switched KNXR's format to Hot Adult Contemporary in February.
Ketelsen said no plans have been made yet about keeping the station's current format or changing.
"We haven't done any market research on that yet," he said." They are doing a good job with what they are doing, but we just don't know yet."
While everything is in the early stages, Ketelsen said Greg Jenson is a big reason why he and his partner are interested.
"We have a lot of respect for Greg Jenson. He's a very good radio person," he said.
