Connoisseur Media to Acquire Lincoln Radio Cluster
Connoisseur Media has entered into an agreement to acquire a group of stations in Lincoln, NE from NRG Media, expanding its presence in the Midwest.
The deal includes KBBK-FM (B107.3), KLIN-AM and translator K257GN (News Talk 1400/99.3), KLNC-FM (105.3 The Bone), K233AN (Red 94.5), all licensed to Lincoln, along with KFGE-FM (Froggy 98) licensed to Milford, NE. The transaction is subject to FCC approval and is expected to close this summer.
The acquisition follows Connoisseur’s recent portfolio adjustments after its September purchase of Alpha Media, and reflects the company’s strategy of strengthening its position in selected markets.
Connoisseur Media CEO Jeff Warshaw said the addition of the Lincoln stations and their staff will enhance the company’s ability to serve listeners and advertisers. NRG Media CEO Mary Quass said the Lincoln properties have played an important role in the company’s history and expressed confidence in Connoisseur’s commitment to local service and programming.
Kalil & Co., Inc. served as exclusive broker for the seller. Connoisseur Media was represented by Wilkinson Barker Knauer, LLP.
