840 Stroudsburg

Connoisseur To Acquire Nassau’s New Jersey & Pennsylvania Stations

Update 12/3: Connoisseur has gained approval from U.S. Bankruptcy Court Judge Kevin Gross to assume operations of the Nassau stations in New Jersey and Pennsylvania and has begun operating the stations via LMA. Original Report 11/21: Connoisseur Media has agreed to acquire the remaining Nassau Broadcasting stations in New Jersey and Pennsylvania for the $38.7 Million credit bid made by Goldman Sachs, Fortress Capital and P.E. Capital plus $1,633,890 in administrative costs. Should the deal be approved by the bankruptcy court next week, Connoisseur will begin operating the stations immediately via LMA. Connoisseur would pay $200,000 for the first two monts, $100,000 the following two months, and $500,000 each additional month it leases the stations until the sale is approved by the FCC and ...[Read More]