SNL Kagan: U.S. Broadcast Station Deal Volume Reaches $190 Million In Q3 2017

Radio Sales

U.S. broadcast station mergers and acquisitions volume reached $189.6 million in the third quarter of 2017, according to estimates from KAGAN, a media research group within S&P GLOBAL MARKET INTELLIGENCE. This is the lowest quarterly deal volume of the year, but the previous two quarters were skewed by two billion-dollar deals. The volume of Q3 2017 is still higher than Q4 2016 volume ($116.1 million) and that of seven other quarters since 2008.

$123.0 million came from radio deals, with almost 50% attributable to the sector's top deal. In the absence of bigger commercial deals, the largest radio deal of the quarter was announced on SEPTEMBER 26th by non-commercial EDUCATIONAL MEDIA FOUNDATION, which agreed to pay $57.75 million ($3.75 per pop) for three FM stations that ENTERCOM COMMUNICATIONS had to spin off after its merger with CBS RADIO.

Q3's second-largest radio deal was the $19.5 million sale of four AM and fourteen FM radio stations and two FM radio translators from ALPHA MEDIA LLC to DICK BROADCASTING COMPANY INC. The stations are located in four small markets in Georgia and the Carolinas.

There were ten other radio transactions between $1.0 million and $7.0 million, with all other radio deals in Q3 worth less than $1.0 million.

« see more Net News