North Dakota Television Announces Sale of Television Stations to Hoak Media

North Dakota Television Announces Sale of Television Stations to Hoak Media

NEW YORK, Jan. 4 /PRNewswire/ -- North Dakota Television Holdings, L.L.C. announced today the closing of the sale of its television stations to Hoak Media LLC. The television stations acquired include: KFYR-TV and its three satellite stations, KMOT-TV, KUMV-TV, and KQCD-TV, all NBC affiliates, serving the Minot-Bismarck-Dickinson, ND markets; KVLY-TV, an NBC affiliate, serving the Fargo-Valley City, ND market; and KSFY-TV, an ABC affiliate and its two satellite stations, KPRY-TV and KABY-TV, serving the Sioux Falls, Pierre, and Aberdeen, South Dakota markets, respectively.

Robert D. Gluck, President of North Dakota Television, said, "We are pleased to have completed this transaction with Hoak and believe that this represents an excellent opportunity for the stations, its loyal viewers and terrific employees."

North Dakota Holdings, L.L.C. is an affiliate of The Wicks Group of Companies, L.L.C. (www.wicksgroup.com), JPMorgan Partners, and Halyard Capital, all New York-based private equity firms.

Hoak Media LLC is a Dallas-based broadcasting company focused on the acquisition, development and operation of television and radio stations in small and medium-sized markets. Including today's transaction, the company owns and operates nineteen television stations across seven markets.

Source: North Dakota Television Holdings, L.L.C.

CONTACT: Robert Gluck, +1-410-580-0451

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