$23M sale on Long Island, where Connoisseur buys 4 stations from Barnstable Connoisseur Media executive Jeff Warshaw grew up on Long Island, and now his Connecticut-based Connoisseur buys these four stations from Massachusetts-based Barnstable - AC "K-Joy" WKJY, Hempstead (98.3). Oldies "B103" WBZO, Bayshore. Generation X-targeted "94X" WIGX, Smithtown. And standards WHLI, Hempstead at 1100. Warshaw was present at the Barnstable studios this afternoon, announcing the deal and meeting the staff. There will not be an LMA prior to closing. Barnstable Chairman/CEO Al Kaneb says “We are grateful to our dedicated employees...and we are happy to be passing the torch to a committed broadcaster like Connoisseur." Barnstable has owned stations on Long Island since 1984. Buyer Jeff Warshaw says the current climate is favorable for checking out acquisitions, for a group like his that has kept its powder dry through the last few years. Broker on the $23 million deal: Michael Bergner. The Nassau-Suffolk Board of Radio-Info.com is already speculating about what the new owner might do, here. Orig. article - http://www.radio-info.com/news/23m-sale-on-long-island-where-connoisseur-buys-4-stations-from-barnstable |
