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(AUDIO) Inside the Wilson/Ingstad $9 Million Deal



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(5/7/2013 6:39:41 PM)   Flag as inappropriate content
I have had the pleasure of consulting Jim Ingstad's stations, including the Mighty 790 KFGO, for the past five years. Jim sets the pace for still doing radio right. Live and Local. Investing in great people and treating them right. A strong commitment to news and touching the community. Jim shows his class by talking about the friendly rivalry he will have with the new owner of the KFGO group of stations in Fargo, Duke Wright. The future of radio is lucky to have them both.
- Jon Quick
(5/3/2013 8:15:33 PM)   Flag as inappropriate content
Jim Ingstad has proven he's one of the great businessmen/broadcasters in the Midwest. I worked for the Ingstads for 18 years and was given the freedom on the air that most broadcasters only dream of. Their radio stations were always very local and full of some of the best small market people I have ever worked with.
- Mike Danvers
(5/3/2013 5:32:01 PM)   Flag as inappropriate content

Is the "live and local" frame helping or hurting radio?

In 1975 the audience for FM radio surpassed AM radio. AM radio revenues never recovered.

While listeners migrate in mass from FM to Internet radio (surging to 120m+), FM/AM operators invest little in content/technology.

Unless, as a whole, the radio industry invests heavily in compelling original content and new technology, it's audience drain will intensify. 10m in Spotify marketing is ON. Disrupt or be disrupted.

- Paul Goldstein
(5/3/2013 4:56:26 PM)   Flag as inappropriate content
Jim Ingstad is one of the great business people I have ever consulted. His stations were not only live, they were ALIVE. The halls buzzed, they were full of people all night, they had real newsrooms and news teams. But his crowning achievement was hiring Nancy Odney to run them and I hope she gets to stay.
- Walter Sabo
(5/3/2013 12:19:14 PM)   Flag as inappropriate content
How great is hearing that deal. That is of another century. Two guys trusting one another enjoying being together and making a win win deal. That is the answer for all business not just radio. Local business, where every one is a stake holder and you as a person are actually important. Wall Street and corporate America(in it just for the money),this concept is destroying the soul of our country.
- Daniel P. Mitchell
(5/3/2013 11:27:16 AM)   Flag as inappropriate content
I can think of nothing as satisfying as banking the millions from selling to Clear Channel, then going back and give them dimes on the dollar for the same property, then turning around and selling at a gain again.
There are about 5 operators who radio people should emulate and Clear Channel isn't one of them. CC's appearing on a panel or in a program assures my non-attendence.

- Phil
(5/3/2013 9:24:36 AM)   Flag as inappropriate content
Listening to this audio cut gives me a great feeling about the future of the industry. Thanks to Radio Ink for posting it! Clearly these are great broadcasters who truly understand how to win based on the most important foundation of all: connecting - locally. "Old School" works. Congrats on Jim & Larry's success so far...and into the future.
- Charlie Shapiro


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