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Connoisseur Waves Goodbye To Constitution State Quartet |
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Connoisseur Waves Goodbye To Constitution State Quartet
https://www.rbr.com/connoisseur-waves-goodbye-to-constitution-state-quartet/  In July 2014, four months after a deal was struck, Westport, Conn.-based Connoisseur Media agreed to acquire five stations in its home state from Buckley Radio for exactly $7,922,035.
Now, the company led by Jeff Warshaw is selling four of those five stations, along with an FM translator in New Haven, and is making a very small profit on the divestment. In an exclusive interview, Warshaw tells RBR+TVBR why the deal was done.
In an asset purchase agreement expected to be made publicly available by the FCC on Tuesday (1/16), Connoisseur has agreed to sell the following stations for $8 million:
- Class B WDRC-FM 102.9 in Hartford, presently a Classic Rock station branded as “102.9 The Whale,” in reference to the former Hartford Whalers National Hockey League franchise. With a signal modified under Connoisseur ownership to decrease interference with its Class A WBZO-FM 103.1 “MAX FM” in Nassau-Suffolk, N.Y., WDRC’s signal reaches all but Fairfield County and most of the Springfield, Mass., market.
- Class B WDRC-AM 1360 in Hartford, a 5kw facility with a nighttime directional signal from 2 towers (1 during daylight hours). It is the home of “The Talk of Connecticut.”
- Class B WMMW-AM 1470 in Meriden, broadcasting with 2.5kw and from 2 towers during daylight hours, and from 4 towers after dark. It is a simulcast partner of WDRC-AM and covers an area of the I-91 corridor between New Britain and Wallingford.
- Class B WSNG-AM 610 in Torrington, Conn., also a simulcast partner of WDRC-AM. It has 1kw during daylight hours and 500 watts at night from 3 towers, with a signal that fans to the northeast, covering Litchfield County, Conn., northern Dutchess County, N.Y., and much of Columbia County, N.Y.
- W272DO in New Haven, an FM translator at 102.3 MHz rebroadcasting WPLR-FM 99.1 HD2’s “Mod 102.3” Alternative format.
- The buyer is Red Wolf Broadcasting Co., the Ledyard, Conn.-based operation led by John Fuller that has steadily grown in the 2010s across Southern New England.
Michael J. Bergner of Bergner & Co. was the exclusive broker in this transaction, representing Connoisseur. https://www.rbr.com/connoisseur-waves-goodbye-to-constitution-state-quartet/ |
