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Townsquare Media to buy 3 radio stations in Trenton, NJ


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Townsquare Media to buy 3 radio stations in Trenton, NJ

Townsquare Media Inc. agreed to buy three radio stations in Trenton, N.J., from Connoisseur Media LLC for about $17 million.

The acquisition will include CHR station WPST-FM, the company said March 22.

Under the agreement, Townsquare is buying the assets of WPST-FM 94.5, WNJE-AM 920 and WCHR-AM 1040 from Connoisseur. These stations will join Townsquare's existing Trenton, N.J., station WKXW-FM NJ 101.5. Townsquare owns five stations in Monmouth-Ocean, N.J., and five stations in Atlantic City, N.J.

The company expects the acquisition to close in the second quarter of 2018, subject to closing conditions and customary regulatory approvals.

Townsquare is a radio, digital media, entertainment and digital marketing services company that is mainly focused on being a local advertising and marketing services platform in small and mid-sized markets across the U.S.

Connoisseur Media owns and operates 31 radio stations and numerous digital brands in eight markets in the U.S.