Connoisseur Media which owns and operates 22 radio stations in 8 markets has entered into an agreement to buy Barnstable’s 4 Long Island stations. Purchase price is $23,000,000.
“We are grateful to our dedicated employees, who together with we have achieved so many years of success on Long Island, and we are happy to be passing the torch to a committed broadcaster like Connoisseur,” said Barnstable Chairman/CEO Al Kaneb.
Added Connoisseur CEO Jeffrey D. Warshaw, “We are so excited to have the privilege of continuing the legacy of service that Barnstable has created on Long Island. These are great operations with terrific people. I was raised on Long Island and grew up listening to these stations.
General Manager Dave Widmer said, “It has been a tremendous run with Barnstable. We have been able to provide great service to the community and our advertisers. I look forward to continuing this in the future with Connoisseur.
Barnstable first entered into the market in 1984. Today the Long Island Radio Group consists of WKJY 98.3-FM, WBZO 103.1-FM, WIGX 94.3-FM, and WHLI 1100 –AM.
Kalil & Co. and Bergner & Co. were brokers on the deal.
Connoisseur Media is headquartered in Westport, CT. The company owns or operates radio stations in Bloomington, IL, Huntington, WV, Billings, MT, Wichita, KS, Erie, PA, Omaha, NE, Rapid City, SD, and Bismarck, ND.