Riverfront Broadcasting has closed on its $2.38 million purchase of four radio stations in Minnesota.
As we reported earlier, long-time Minnesota broadcaster Jerry Papenfuss agreed to sell the two FMs and two AMs to Riverfront, which is headed by Doyle and Carolyn Becker.
In the package are country station KBEW(FM), broadcasting with 25 kW on 98.1 MHz, and its sibling daytimer KBEW(AM) with 1 kW at 1560, carrying an information format. Those stations are in Blue Earth in southern Minnesota.
The sale also included KDOM(FM) with 5,700 watts at 94.3, and sibling KDOM(AM), 1 kW day/2 watts night at 1580, both in Windom in southwest Minnesota and airing information and entertainment.
The seller, Result Radio Group, comprises Windom Radio Inc. and KBEW Inc. Jerry and Pat Papenfuss are members of the Minnesota Broadcasting Hall of Fame; Jerry is a past president of the Minnesota Broadcasters Association and former NAB board member.
An earlier announcement on KBEW’s website noted that Jerry and Pat Papenfuss have been involved in radio broadcasting since 1962 and that their ownership of KBEW dated to 1980, when they purchased it from Paul Hedberg, who signed KBEW on in 1963.