Media Bureau Approves Connoisseur's Purchase of Alpha Media
The FCC Media Bureau has approved Connoisseur Media’s purchase of Alpha Media and its 200-plus radio stations, said a letter in Wednesday’s Daily Digest. Connoisseur owns 11 stations in New York and Connecticut, but the deal will bring it up…
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to 218 radio stations in 47 markets, Alpha said in a May release announcing the agreement. The terms of the transaction weren't disclosed. The two companies don’t have market overlaps but required a Media Bureau waiver because Alpha owns five FM stations in a single market in Texas as part of a grandfathered arrangement. Granting a waiver to allow Connoisseur to own the stations under a similar arrangement “will simply maintain the status quo,” said the Media Bureau. “Based on the structure of the market,” approving the transfer won't be “anticompetitive nor otherwise frustrate the goals of the Local Radio Ownership Rule,” the letter said.