After selling off quite a few of its midwest stations it acquired in the big deal with Alpha Media last year, Connoisseur Media announced Tuesday it is growing its presence in Nebraska’s capital city.
Connoisseur agreed to purchase NRG Media’s stations in Lincoln, Neb. The transaction is pending FCC approval and it is expected to close in the summer, according to a release.
The stations involved are 1400 KLIN(AM) and its 99.3 FM translator, 98.1 KFGE(FM), 105.3 KLNC(FM), 107.3 KBBK(FM) and its HD2 translator on 94.5 FM.
Connoisseur already owns four other full-power stations in the market, including 92.9 KTGL(FM), 96.9 KZKX(FM), 104.1 KIBZ(FM) and 106.3 KFRX(FM). Those stations came over in its Alpha Media deal that closed in September.
The total number of properties — 11 — would put the company over market ownership subcaps. As a result, RBR+TVBR reported that Connoisseur will be filing for a waiver with the FCC to keep its stations in Lincoln.
In a release, Connoisseur said the purchase is another step in its efforts to refine its portfolio by strengthening its presence in “priority markets.”
NRG Media, meanwhile, also recently sold off its Wisconsin properties.
Kalil & Co. was the broker for this transaction. Connoisseur Media had legal representation by Wilkinson Barker Knauer.
