M&A Deal Summary

Townsquare Media Acquires Connoisseur Media - Three Radio Stations

On March 22, 2018, Townsquare Media acquired media company Connoisseur Media - Three Radio Stations from Connoisseur Media for 17M USD

Acquisition Highlights
  • This is Townsquare Media’s 5th transaction in the Media sector.
  • This is Townsquare Media’s 2nd largest (disclosed) transaction.
  • This is Townsquare Media’s 8th transaction in the United States.
  • This is Townsquare Media’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2018-03-22
Target Connoisseur Media - Three Radio Stations
Sector Media
Buyer(s) Townsquare Media
Sellers(s) Connoisseur Media
Deal Type Divestiture
Deal Value 17M USD

Target

Connoisseur Media - Three Radio Stations

Westport, Connecticut, United States
Connoisseur Media LLC - Three Radio Stations includes WPST-FM 94.5, WNJE-AM 920, and WCHR-AM 1040.

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Buyer(S) 1

Buyer

Townsquare Media

Greenwich, Connecticut, United States
Category Company
Founded 1996
Sector Media
Employees2,680
DESCRIPTION

Townsquare Media, Inc., a media, entertainment, and digital marketing services company, owns and operates radio, digital, and live event properties.

DEAL STATS #
Overall 8 of 8
Sector (Media) 5 of 5
Type (Divestiture) 4 of 4
State (Connecticut) 1 of 1
Country (United States) 8 of 8
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 North American Midway Entertainment

Farmland, Indiana, United States

North American Midway Entertainment LLC is a provider of entertainment services includes rides, games and food concessions.

Buy $76M

Seller(S) 1

SELLER

Connoisseur Media

Westport, Connecticut, United States
Category Company
Founded 2004
Sector Media
DESCRIPTION

Connoisseur Media owns and operates radio stations throughout the United States. Connoisseur Media was founded in 2004 and is based in Westport, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 Qantum Communications

Brunswick, Georgia, United States

Qantum Communications Corp. is an owner and operator of radio stations in small to mid-sized markets. Qantum Communications is based in Brunswick, Georgia.

Buy -
Mergr

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