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Transactions: 7/10/06-7/14/06
A pair of TV transactions related to the Pegasus Satellite bankruptcy proceedings provided about half of this week's value. On the radio side, one large cluster in a small market led the way for several singleton stations agreements in relatively large markets like Baltimore, Indianapolis and Cincinnati. The week signaled the end of a mid-summer slump.
|
Total |
Mkts 1-50 |
Mkts 51-100 |
Mkts >100 |
Unrated
|
| AMs |
8
|
3 |
0 |
1 |
4 |
| FMs |
12
|
3 |
1 |
6 |
2 |
| TVs |
9
|
0 |
3 |
6 |
0 |
| Total |
29 |
6 |
4 |
13 |
6 |
|
Type of deal
|
Deals |
Stns |
Value
|
| Radio, 1 mkt |
13
|
18 |
42.83M |
|
TV, 1 mkt
|
0 |
0 |
$0
|
|
Rad-TV, 1 mkt
|
0 |
0 |
$0
|
|
Radio, multimkt
|
1 |
2 |
80k |
|
TV, multimkt
|
2 |
9 |
45.5M |
|
Rad-TV, multimkt
|
0 |
0 |
$0
|
| Totals |
16 |
29 |
88.41M |
©2006 Radio Business Report, Inc. All rights reserved.
TV Deal of the Week
MM corrals a flying horse
Troubled Pegasus Satellite Communications found a buyer for seven television stations in five markets. MM Broadcasting, headed by Edward Mule, Robert O'Shea, is spending just under 42.5M for two stations each in Wilkes-Barre and Portland ME, and one each in Chattanooga, Tallahassee and Gainesville-Ocala.
Radio Deal of the Week
Schurz snaps up Rapid Triad cluster
Triad Broadcasting's robust Rapid City SD cluster, comprised of KKLS-FM, KFXS-FM, KKMK-FM, KOUT-FM, KBHB-AM & KRCS-FM, is going to Schurz Communications for 19M, topping out the action in a busy week of trading.
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©2006 Radio Business Report, Inc. All rights reserved.
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