Carter Media will pay $400,000 for the fifteen stations and two translators in Missouri that it is acquiring from Connoisseur Media.
Original Report 11/17: Connoisseur Media is selling fifteen stations across Missouri to Miles Carter’s Carter Media LLC and Carter Media Too LLC for an undisclosed amount.
The stations involved in the deal make up clusters based in Bethany/Cameron, Moberly, and Waynesville/Lebanon MO. They are:
Bethany/Cameron: Country “Regional Radio” 95.5 KAAN-FM Bethany, Sports 870 KAAN/103.7 K279AP Bethany, Classic Rock 100.1 KKWK Cameron, and Classic Country 1360 KMRN Cameron.
Moberly: News/Talk 1230 KWIX Moberly/92.5 KWIX-FM Cairo, Christian AC “Glory 97.3” KTCM-FM Madison, Classic Hits “99.9 The Captain” KIRK Macon, and Classic Country 104.7 KRES-FM Moberly,
Waynesville/Lebanon: Hot AC 97.9 KFBD-FM Waynesville, Classic Rock “Z102.3” KOZQ-FM Waynesville, Country 103.7 KJEL Lebanon, Talk 730 KBNN Lebanon, Talk 1270 KIIK Waynesville, Talk 1300 KJPW Waynesville.
Like the sale announced last week of its Bakersfield CA cluster, Connoisseur says that the deal is “another step in the company’s efforts to concentrate on markets where it can execute its successful playbook. It is one element in a larger strategic plan for the markets acquired in Connoisseur Media’s acquisition of Alpha Media that took place in September.
Connoisseur CEO Jeff Warshaw said, “These Missouri markets did not fit into the long-term plans we have to grow Connoisseur. We looked for another broadcaster that had success in and served these communities. We are pleased that we have found that trusted party in Miles Carter and the history of his family-oriented company.”
Carter Media currently owns three stations: Country “100.7 the Farm” KMZU Carrollton, Classic Country 103.9 KRIL Malta Bend and Conservative Talk 1430 KROL Carrollton/101.3 K267BN Bosworth. Miles Carter stated, “We have wanted to expand for a while and when the opportunity came, we were eager to talk with Connoisseur. As we look toward the new markets, our mission remains the same: bring trustworthy local news, agriculture coverage, and community-focused storytelling to areas that need a stronger voice. Expansion isn’t about getting bigger, it’s about serving more people with the kind of reliable, hometown broadcasting Carter Media was built on.”
Broker on the transaction was Kalil & Co. Connoisseur Media had legal representation by Wilkinson Barker Knauer, LLP, while Carter was represented by Telecommunications Law Professionals, PLLC
