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Tuesday, November 17, 2009

Consolidation in Billings, Montana: Cherry Creek Radio sells to Connoisseur

Cherry Creek owns three stations: classic rock KRKX (94.1), “Today’s New Rock/Zone 96.3” KRZN, and news/talk KBLG (910). While buyer Connoisseur Media has two FMs – CHR “Planet 106.7” KPLN and classic hits “My 105.9” KWMY (the former country/rock “Bar” KPBR). Connoisseur will start operating the Zone and KBLG on Friday (November 20) and then KRKX on December 1. That’s necessary because on November 30, Connoisseur is ending its LMA of Chaparral’s 92.5, where it’s been operating “My 92.5” for the past three years. Otherwise, Connoisseur would be over the FCC’s local-market limit for FMs, with five. No new format yet at 92.5, which the Billings Gazette says will be simulcasting with 105.9 through the end of November. Joe Schwartz of Cherry Creek Radio says “The Billings market needed a consolidation of ownership….we’re pleased that our good friends at Connoisseur had the interest and resources to take on our stations and to continue serving the community.” No price announced for the deal brokered by Kalil & Co.

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