Ep. 49 Jeff Warshaw

EPISODE SUMMARY: Jeff Warshaw is the Founder and CEO of Connoisseur Media. He shares his incredible journey of building a radio empire, starting from purchasing his first radio station for $50,000 as a college sophomore to eventually selling his company for $258 million and going on to make many more amazing deals.On this episode of Chachi Loves Everybody, Chachi talks to Jeff Warshaw about:Growing up in a family involved in Christian radio stations and developing an early passion for radio and entrepreneurshipBuying his first radio station as a Sophomore at Wharton and building it from scratchHow investing in distressed radio debt allowed him to make major dealsThe importance of humility and learning from othersThe impact of deregulation and consolidation in the radio industrySelling his group to Cumulus for $258 millionPartnering with the Perot family during the recession and later buying them outThe importance of being a great local media company and the future of radio and local mediaAnd more!ABOUT THIS EPISODE'S GUEST: Connoisseur Media Founder and CEO, Jeff Warshaw is a lifelong broadcaster. He built his first station while still a student at the Wharton School of Business at the University of Pennsylvania. In 1993 Jeff founded Connoisseur Communications Partners LP, a 39 station group which he later sold to Cumulus Broadcasting in 2000 for $258M. In 2004 Jeff formed Connoisseur Media which now operates 13 radio station brands and digital assets in 5 markets. Highly respected and celebrated industry wide for his outspoken candor, Jeff’s spirit of innovation and long held principles of integrity, accountability and improvement remain core values of the company and guide its team members. Jeff serves as the chairman of the RAB Board, and the Nielsen Audio Advisory Council.ABOUT THE PODCAST: Chachi Loves Everybody is brought to you by Benztown and hosted by the President of Benztown, Dave “Chachi” Denes. Get a behind-the-scenes look at the myths and legends of the radio industry.ABOUT BENZTOWN: Benztown is a leading international audio imaging, production library, voiceover, programming, podcasting, and jingle production company with over 3,000 affiliations on six different continents. Benztown provides audio brands and radio stations of all formats with end-to-end imaging and production, making high-quality sound and world-class audio branding a reality for radio stations of all market sizes and budgets. Benztown was named to the prestigious Inc. 5000 by Inc. magazine for five consecutive years as one of America’s Fastest-Growing Privately Held Companies. With studios in Los Angeles, New York, London and Stuttgart, Benztown offers the highest quality audio imaging work parts for 23 libraries across 14 music and spoken word formats including AC, Hot AC, CHR, Country, Hip Hop and R&B, Rhythmic, Classic Hits, Rock, News/Talk, Sports, and JACK. Benztown provides custom VO and imaging across all formats, including commercial VO and copywriting in partnership with Yamanair Creative. Benztown Radio Networks produces, markets, and distributes high-quality programming and services to radio stations around the world, including: The Rick Dees Weekly Top 40 Countdown, The Daily Dees Show, The Todd-N-Tyler Radio Empire, Hot Mix, Sunday Night Slow Jams with R Dub!, Flashback, Top 10 Now, AudioLogger, Audio Architecture, Radio Merch Shop, The Rooster Show Prep, AmeriCountry, and Benztown Swag Bank. Benztown + McVay Media Podcast Networks produces and markets premium podcasts including: The Making of: A National Geographic Podcast, Run It Again, Hot Chicken and Cage-Free Conversation with Byron Kennedy, and Edelman Financial Engines’ Everyday Wealth.Web: benztown.comFacebook: facebook.com/benztownradioTwitter: @benztownradioLinkedIn: linkedin.com/company/benztownInstagram: instagram.com/benztownradio Enjoyed this episode of Chachi Loves Everybody? Let us know by leaving a review! See omnystudio.com/listener for privacy information.