Auburn AL

Qantum Sells To Clear Channel; Connoisseur Expands In Long Island

Update 5/27: The sale has been filed with the FCC showing that Connoisseur Media will pay $50 million for 1370 WALK/97.5 WALK-FM Patchouge. Additionally, one of the Qantum stations will be sent to the Brunswick Divestiture Trust. Urban “B92.7” WBGA St. Simons Island, GA will be spun-off to keep the cluster under the ownership limits as it loses its grandfathered status. The trust will be run by Jeannette Tully, who also operates the Aloha Stations Trust. Original Report 5/15: Qantum Communications, Clear Channel, and Connoisseur Media have announced a three way deal involving 31 stations. Qantum, led by Frank Osborn, will swap its 29 stations in five markets to Clear Channel for the Aloha Station Trust held Standards 1370 WALK and AC 97.5 WALK-FM Patchouge, NY. Qantum will then...[Read More]