Nine Alaska radio stations in Fairbanks and Anchorage are being bought by two Outside companies, according to a report by the Alaska Public Radio Network. The stations, currently owned by Seattle-based New Northwest Broadcasters, are being split up and sold in a deal expected to be finalized in April, according to KUAC-FM Fairbanks. The five Fairbanks stations owned by New Northwest are being purchased for approximately $1.6 million by two Louisville, Ky. businessmen, who preferred the Interior market to that of Anchorage because they all were profitable, according to KUAC. The four Anchorage stations are being purchased by another Seattle-based company, Ohana Media Group, for a low-balled price of only $275,000. New Northwest claims the four Anchorage stations also were profitable, though did not provide returns near to the Fairbanks market. New Northwest was forced to sell the stations not because they were costing money, according to the company's CEO. The company faced a looming balloon payment on the properties but could not find lenders or investors, due to the economic recession, according to a comment from New Northwest to KUAC. Listen to the entire story here.