It has 12 schools and it has been around since Lyndon Johnson was president. Now the Connecticut School of Broadcasting has a new owner. A private investment firm has acquired it.
DLJ Growth Capital Partners is an affiliate of Credit Suisse First Boston. It said last week that it executed a definitive agreement to acquire the business and assets of the school from founder Dick Robinson, who will remain with the company in a senior executive position.
Brian Stone and Scott Knight of Knightstone Media will manage CSB upon completion of the acquisition. Stone is former COO of Pyramid Broadcasting and held management positions at Evergreen Media, Chancellor Broadcasting, AM/FM Radio and Clear Channel. Knight was president/CEO of Knight Quality Stations, founded Knight Radio Sales and held management positions with Clear Channel and Major Market Radio.
“We have developed a business plan to continue building and strengthening (CSB) for years to come,” said Stone. The buyers said they plan to address the needs of a more diverse electronic spectrum.
The company has 12 campuses on the East Coast and aims to prepare students for careers in radio and television broadcasting.
Connecticut School of Broadcasting Sold; Will Be Managed By Two Former Radio Execs
Connecticut School of Broadcasting Sold; Will Be Managed By Two Former Radio Execs
