The sale of four radio stations serving the small cities of Luverne, Minn., and Madison, S.D., are now officially licensed to Christensen Broadcasting. That’s according to Kalil & Co., the broker of record in the deals involving the company founded and led by Jeff Warshaw.
In twin related transactions, Christensen Broadcasting LUV LLC has acquired KQAD-AM & KLQL-FM in Luverne from Connoisseur Media for $275,000.
At the same time, Christensen Broadcast Group Inc. has completed its $150,000 purchase from Connoisseur of KJAM-AM & FM in Madison. In a statement, the company said the transaction represents Connoisseur Media’s “ongoing commitment to refining its portfolio and strengthening its presence in priority markets. It aligns with the company’s strategic roadmap established after the September acquisition of Alpha Media.”
Warshaw added, “Luverne and Madison are markets that did not fit into the vision we have for Connoisseur. 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.”
Christensen Broadcasting, in its own statement, 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.”
In related news, Kalil & Co. confirmed the closing on the sale of radio stations in Cameron, Cairo, Lebanon, Macon, Moberly, Bethany, and Waynesville, Mo., from Connoisseur Media, LLC to Carter Media Too LLC.
