Connoisseur Sells Frederick To Local Daily Media
• Connoisseur Media announced it has reached an agreement to sell its Frederick, MD radio stations — WFRE (99.9 Free Country) and WFMD-AM (930 Free Talk) to Local Daily Media of Williamsburg, VA.
Jeff Warshaw, CEO of Connoisseur, said, “While it’s difficult for us to part with our Frederick stations, we were convinced that Local Daily Media’s management leadership and its focus in the Maryland/Virginia region could move these stations forward in a way we would be proud of. Senior management of Local Daily Media includes longtime Connoisseur partner Mike Dufort, who we have worked with closely and respect. Mike understands local radio and shares our view on the need for radio to be involved with and serve the local community.”
Dufort, President of Local Daily Media, commented, “With my nearly 11 years of working with Jeff and the entire Connoisseur team, I deeply understand and appreciate the care and nurturing that went into building these stations and I’m excited for the opportunity to continue along their journey to reaching even greater heights.”
Adam Crotty, CFO of Local Daily Media, added, “We’re incredibly fortunate to welcome these legendary stations, along with their talented and dedicated teams, to our growing organization. Their rich history of supporting and improving the vibrant Frederick community will undoubtedly inspire our entire team to find new ways to positively impact each community we serve.”
The purchase is subject to FCC approval and other customary closing conditions. Until then, Connoisseur will continue to operate the stations.
Local Daily Media operates in two markets: Virginia’s Historic Triangle, encompassing Williamsburg, Jamestown, and Yorktown, and Wilmington, NC.