Connoisseur Media has sold its standalone station in Bismarck, ND.
Variety Hits “105.9 Bob-FM” KKBO has been sold to Radio Bismarck Mandan for $700,000. The sale will place KKBO in a cluster with Classic Hits “Mojo 107.5” KXRV.
The Press Release follows:
Connoisseur Media announces it has signed an agreement to sell KKBO-FM to Radio Bismarck Mandan. Said Radio Bismarck’s President and CEO Bob Denver, “This is an exciting move for us. Together with our sister station Mojo 107.5 (KXRV-FM), Radio Bismarck expands its ability to continue serving the community with exemplary programming and local focus.” Denver continued, “With this move we are filling another of the three studios we built in downtown Bismarck last summer. Our team of veteran broadcasters is looking forward to the challenge of continuing to change the landscape of broadcasting in the area.”
BOB-FM debuted in Bismarck in 2009, and for the past three years it has successfully operated as a single station in a very competitive radio market. “Bismarck is a wonderful market,” said Connoisseur CEO Jeffrey D. Warshaw, “but owning only one station no longer made the best business sense for us. We wish Bob and his staff great success.”
The sale, which is subject to FCC approval, is expected to occur in the next two or three months.
Michael Bergner of Bergner & Co. served as the broker on the deal.
Founded in 2004, Connoisseur Media owns and operates 24 radio stations in Bismarck, ND, Billings, MT., Bloomington, IL, Erie, PA, Long Island, NY, Omaha, NE, Rapid City, SD and Wichita, KS.
