Tag: agreement to sell

Connoisseur Media enters into an agreement to sell its Bakersfield, California radio stations to local operator Frequency Broadcasting, Inc. The station group includes news/talk KNZR-AM/FM, CHR KLLY-FM, and rhythmic oldies KKBB-FM. This transaction is pending regulatory approval by the FCC and is expected to close early next year. Connoisseur Media says the sale is “another step in the company’s efforts to concentrate on markets where it can execute its successful playbook. It is one element in the strategic plan for the markets acquired in Connoisseur Media’s acquisition of Alpha Media that took place in September.” Connoisseur Media founder and CEO Jeff Warshaw says, “Bakersfield was a market that did not fit into the long-term plans we have for Connoisseur. We looked for a local operator that we felt could devote the time and energy that Bakersfield deserves. We are confident that we have found that in Frequency and the Hill family operation.”