Connoisseur Divests Two More Markets
• Connoisseur Media announced that it has entered into an agreement to sell its Luverne, MN and Madison, SD radio stations to two Christensen Broadcast entities — 1) Christensen Broadcasting LUV LLC will acquire KLQL-FM & KQAD-AM in Luverne, Minnesota, and 2) Christensen Broadcast Group, Inc. will acquire KJAM-FM & KJAM-AM in Madison, South Dakota.
This transaction represents Connoisseur’s ongoing commitment to refining its portfolio and strengthening its presence in priority markets and aligns with the company’s strategic roadmap established after the September acquisition of Alpha Media.
“Luverne and Madison are markets that did not fit into the vision we have for Connoisseur,” said Jeff Warshaw, Founder & CEO of Connoisseur Media. “We looked for local operators that we felt had experience in these communities and could serve them best. We are very happy that Christensen Broadcasting shares our values and stepped up to the challenge.”
In a statement, Christensen Broadcasting said, “We are grateful for the opportunity to strengthen locally focused broadcasting within these communities. Our organization remains committed to delivering reliable, community-centered programming that reflects the values and voices of the region. We look forward to honoring each station’s legacy while supporting their continued growth and service.”
The transactions are pending regulatory approval by the FCC and are expected to close early next year.
Broker on the transactions is KALIL & CO, Inc. Connoisseur Media had legal representation by Wilkinson Barker Knauer, LLP, while the Christensen companies were represented by Fletcher, Heald & Hildreth, PLC.
