SNL Kagan Releases Report On Q1 Radio Station Sales
April 8, 2014

SNL Kagan has released its report on broadcast station transactions for 2013, with overall M&A volume reaching $3.65 billion in Q1 2014, up from $2.68 billion in Q1 of 2013. A total of 309 stations were traded, of which 202 were radio and 107 were TV stations. The average TV station price in Q1 was $31.1 million, vs. $1.6 million for radio stations.

Radio deal volume exceeded $300 million for only the third time in the last eight quarters. The top deal was the $131 million / 8.5x cash flow sale of New York's WBLS-AM/FM from YMF Media LLC to Emmis Communications Corporation, followed by the $74 million sale of ten stations from South Central Communications Corporation to SummitMedia, LLC. Compared to the 2013 average of 7.0x, the average radio cash flow multiple rose by half a point in Q1 14.

The outsize radio deal volume in 2011 was due to the Cumulus/Citadel deal valued at $2.28 billion and the Hubbard/Bonneville transaction at $505 million.




 
Breaking News
eQB NOW
Tommy Chuck Named Program Director of WIHT/Washington, D.C. & WPOC/Baltimore
iHeartRadio Surpasses 60 Million Registered Users
SFX Entertainment Names New President & COO
Third Music Industry Reunion Planned For Los Angeles
In Brief - January 23, 2015
January 22, 2015
Edgar "Shoboy" Sotelo Joins WBMP/New York For Mornings
Rdio Launches In 24 New International Markets
Shazam Announces $30 Million Investment At $1 Billion Valuation
iHeartMedia Celebrates Valentine's With "iHeartRadio Ultimate Valentine's Escape"
In Brief - January 22, 2015
January 21, 2015
Dave Dyer Promoted to SVP Promotion, Warner Bros. Records
JD Garfield Joins KWYD/Boise As APD/Morning Drive Host
iHeartRadio Country Festival Returns
Edison Research: Streaming Audio Now Bigger Than AM/FM Radio Among US Teens
In Brief - January 21, 2015
January 20, 2015
John Fleckenstein Named EVP, RCA Records
iHeartMedia St. Louis Announces Two New Program Directors
Local Radio Networks, AdLarge Media Form Exclusive Partnership For 24/7 Format Radio Network
Len Berman And Todd Schnitt To Host Mornings On WOR
Scott Shapiro Named VP/Sports Programming For Premiere Networks
Jim Daunais, Tim Walker Promoted To EVP Posts At Westwood One
Tony Waitekus Appointed OM For NRG Media's Wausau-Stevens Point Stations
Alpha Media To Purchase Coast Radio Company Radio Stations
CRN Study: Which Radio Messages Have Greatest Impact On Millennials
In Brief - January 20, 2015
January 19, 2015
Music News
Paramore Announce Spring Theater "Events"
Quick Hits: Kanye West, The Black Keys, Rush, Nick Jonas
BET Honors Usher, Kanye West
Quick Hits: Ariana Grande, TLC, Art Of Anarchy, Rob Zombie, Aerosmith, Rocklahoma
Meghan Trainor's Title Debuts At #1
LL Cool J Returning As Grammy Host
Quick Hits: The Grammys, Gwen Stefani, Pharrell, Linkin Park, Interpol, David Byrne
Madonna Bares Her Rebel Heart
Quick Hits: Slipknot, Justin Bieber, NKOTB / TLC / Nelly, Mötley Crüe, "Weird Al" Yankovic
FMQB Retro-Active: Ken Sharp Talks to Longtime Music Scribe Harvey Kubernik About His Latest Musical Tome
Quick Hits: Metallica, A$AP Yams, TLC, Ariana Grande
Grateful Dead Members To Reunite For 50th Anniversary
The Week In Review: 1/12/-1/16
Quick Hits; John Legend, Idina Menzel, Common, Lady Gaga, The Black Crowes, Kim Fowley
Fall Out Boy & Wiz Khalifa Plan Road Trip
FMQB NOW

Alicia Tyler, PD
WZNE/Rochester

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!