With the August 15 agreement to sell an AM/FM combo and an FM translator serving a small city on the west bank of the Delaware River, Connoisseur Media was left with one remaining property in the Keystone State.
A sale of this property was expected. Exactly one month later, rumors became reality.
As RBR+TVBR first reported, Seven Mountains Media via its “Southern Belle” subsidiary agreed to purchase WSBG-FM 93.5 and Class D WVPO-AM 840, along with silent FM translator W276DG at 103.1 MHz, in Stroudsburg, Pa., from Connoisseur for $1.1 million.
That left Connoisseur with one lone Pennsylvania property: Class B WBYN-AM 1160, licensed to Lehighton, Pa., which has a highly directional north-south signal stretching to Wilkes Barre to Reading and including Allentown.
With all of Connoisseur’s other properties located in New York and in Connecticut, thanks to a refocusing of the company’s efforts that saw all stations outside of the New York Tri-State Area get sold, WBYN is now heading to a new owner.
The buyer is Twilight Broadcasting, a New Freedom, Pa.-based company led by Robert Lowe.
Lowe is making his second acquisition, and it follows the November 2018 purchase of WKQW-AM 1120 & FM 96.3 in Oil City, Pa., plus an unbuilt FM translator, from Clarion County Broadcasting Corp., headed by William Hearst. Lowe paid Hearst $265,000 for those stations.
Now, Lowe is paying Connoisseur $50,000 for the AM.
A 50% deposit has been made to Connoisseur, led by Jeff Warshaw and EVP/CFO Michael Driscoll.
Connoisseur’s legal counsel in this transaction is Paige Fronabarger of Wilkinson Barker Knauer; the seller’s legal counsel is Scott Cinnamon.
