Nassau Broadcasting Partners Radio Station Sale and Acquisition

Nassau Broadcasting Partners has been quite the busy company when it comes to radio station sales and acquisitions.

They've made some significant moves in the market, including the sale of their radio stations in 2018 to a new owner. The acquisition was a major deal, with the new owner paying a substantial sum for the stations.

Nassau Broadcasting Partners has a proven track record of identifying and capitalizing on opportunities in the radio industry.

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Nassau Broadcasting Partners was a radio broadcasting company that focused on building clusters of local radio stations in demographically attractive areas surrounding major metropolitan markets. At the time of its initial investment, Nassau owned and operated thirteen stations, six FM and seven AM, located in four markets in New Jersey and Pennsylvania.

The company had considerable success selling into areas outside of its immediate markets, thanks to its strong Class B signals that reached much further than their Arbitron footprints. As a result, Nassau had reached over 50 radio stations.

Nassau Broadcasting Partners filed for bankruptcy protection last year and was forced to auction off all of its radio stations, with Connoisseur Media buying ten stations in Pennsylvania and New Jersey for $40 million.

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Nassau Broadcasting Partners has some new owners. Connoisseur Media, a Connecticut-based company, has bought ten radio stations from the creditors of Nassau Broadcasting.

99.9 The Hawk, ESPN Lehigh Valley, and 93.5 SBG are just a few of the radio stations that were sold. The deal cost Connoisseur $40 million.

A bankruptcy court signed off on the deal last week. This was after Nassau Broadcasting entered bankruptcy protection proceedings last year.

Nassau Broadcasting was forced to auction off all of its radio stations earlier this summer.

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Nassau Broadcasting Partners, L.P. sold its radio stations to various companies after entering bankruptcy protection proceedings last year.

In 2003, Spire Capital invested in Nassau Broadcasting Partners, L.P., a radio broadcasting company that focused on building clusters of local radio stations in demographically attractive areas.

Connoisseur Media bought ten radio stations in Pennsylvania and New Jersey from the creditors for Nassau Broadcasting for $40 million.

These radio stations included 99.9 The Hawk, ESPN Lehigh Valley, and 93.5 SBG.

WBIN Media Company acquired 17 New England radio stations from Nassau Broadcasting, including stations in Vermont, New Hampshire, and Maine.

Vertical Capital Partners acquired 13 radio stations from Nassau Broadcasting, mostly in the Vermont market, as part of the same transaction.

Nassau Broadcasting owned and operated thirteen stations, six FM and seven AM, located in four markets in New Jersey and Pennsylvania at the time of Spire’s initial investment.

The company had considerable success selling into areas outside of its immediate markets due to its strong Class B signals.

Nassau Broadcasting had reached over 50 radio stations due to its extended reach.

In March 2003, Spire Capital invested in Nassau Broadcasting Partners, L.P.

Nassau Broadcasting Partners, L.P. owned and operated thirteen radio stations, six FM and seven AM, located in four markets in New Jersey and Pennsylvania at the time of Spire's initial investment.

The four markets covered by Nassau's radio stations were Trenton, NJ; Monmouth-Ocean, NJ; Allentown, PA; and Wilkes Barre-Scranton, PA, which together had approximately 3.1 million listeners.

Nassau's stations had strong Class B signals, allowing them to reach far beyond their Arbitron footprints.

As a result, Nassau had considerable success selling into areas outside of its immediate markets and had expanded to own over 50 radio stations.