Connoisseur Selling Four Minnesota Stations
• Connoisseur Media announced its selling four Minnesota radio stations — News-Talk KAUS-AM 1480 and Country KAUS-FM (US99)/Austin, MN, and AC KCPI-FM (94.9 The Breeze) and News-Talk/Oldies KATE-AM 1450/Albert Lea, MN to Hometown Broadcasting of Austin and Albert Lea, LLC, headed by CEO Greg Jensen.
“The Austin and Albert Lea market area was not a market where we felt Connoisseur could make a meaningful difference with the focus and approach we bring to radio,” said Jeff Warshaw, Founder & CEO of Connoisseur Media. “When we reach that conclusion, we look for strong local operators who can take the stations forward and continue serving the communities. We have been talking with Greg Jensen for some time and have been impressed by his commitment to the community and his desire to return to radio. We believe he is the right person to lead these stations into their next chapter.”
Jensen commented, “We look forward to serving our communities and surrounding areas with hometown ideas, local broadcasting and a commitment to being an active part of the communities we serve. We also look forward to hearing from our listeners and community members and building these stations together.”
The transaction is subject to FCC approval and is expected to close in early fall. Kalil & Co., Inc. served as the exclusive broker for the transaction.
