Six local radio stations will soon have a new owner.
iHeart Media announced a strategic station exchange with Connoisseur Media. iHeart will gain six Connoisseur stations from Erie and one from Mina, New York. They include Star 104, Rocket 105, Bob FM, 93.9 the Wolf, Jet Radio 1400 and AM 1330.
Connoisseur will then acquire two stations from Aloha Trust in Frederick, Maryland.
The deal is set to close in the second quarter of 2019.
In a news release, the CEO of Connoisseur, Jeffrey Warshaw, says, “iHeart is getting a remarkable team and an amazing array of brands. We have owned the stations for 13 years and have tremendous gratitude for the people of Erie”.
The full release is as follows:
iHeartMedia and the Aloha Trust Announce Strategic Station Exchange with Connoisseur Media in Frederick, Md. and Erie, Pa. Markets
New York, N.Y. – March 27, 2019 – iHeartMedia and the Aloha Trust announced today a strategic station exchange with Connoisseur Media across two U.S. markets. Under the agreement, iHeartMedia will acquire six radio stations from Connoisseur Media in Erie, Pennsylvania and one in Mina, New York and Connoisseur Media will acquire two stations from the Aloha Trust in Frederick, Maryland. The agreement is expected to close in the second quarter of 2019, subject to FCC consent and other customary closing conditions.
Under the agreement, WRTS-FM, WRKT-FM, WXBB-FM, WTWF-FM, WJET-AM and WFNN-AM in Erie and WLTM-FM in Mina will join iHeartMedia. These seven stations will also be available on iHeartRadio, the all-in-one digital music, on demand, podcasting and live streaming radio service. Connoisseur Media will acquire WFRE-FM and WFMD-AM in Frederick from the Aloha Trust.
“iHeart is getting a remarkable team and an amazing array of brands. We have owned the stations for 13 years and have tremendous gratitude for the people of Erie. We are excited to enter the Frederick market with these legendary properties,” said Jeffrey Warshaw, CEO of Connoisseur Media.
“We’re very pleased to have the opportunity to expand our reach and establish a presence in the Erie and Mina markets,” said Dan Lankford, Region President of Allentown/Harrisburg for iHeartMedia. “We can’t wait to add these seven amazing brands to our family of platforms, and we know that Connoisseur Media is looking forward to adding WFRE-FM and WFMD-AM to their company.”