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Transactions: 5/23/05-5/27/05
The last week of May (with one last day pending) was no great shakes in general, with a bit more than 30M changing hands. Most of the activity could almost have been done on one application - - buyer Educational Media Foundation and seller Broadcasting for the Challenged used seven apps for seven FM CP transactions in seven markets totaling only 247K. Still, the TV deal streak was extended to four weeks.
|
Total |
Mkts 1-50 |
Mkts 51-100 |
Mkts >100 |
Unrated
|
AMs |
5
|
0 |
1 |
2 |
2 |
FMs |
12
|
0 |
0 |
5 |
7 |
TVs |
1
|
0 |
0 |
1 |
0 |
Total |
28 |
0 |
1 |
8 |
9 |
Type of deal
|
Deals |
Stns |
Value
|
Radio, 1 mkt |
12
|
17 |
24.447M |
TV, 1 mkt
|
1 |
1 |
7M |
Rad-TV, 1 mkt
|
0 |
0 |
$0
|
Radio, multimkt
|
0 |
0 |
$0
|
TV, multimkt
|
0 |
0 |
$0
|
Rad-TV, multimkt
|
0 |
0 |
$0
|
Totals |
13 |
18 |
31.447M |
TV Deal of the Week
Sinclair bails out of Tri-Cities
Arbitron's Tri-Cities is in Washington state, but Nielsen uses that term to describe Johnson City-Kingsport-Bristol on the Tennessee-Virginia border. There, Jeff Trumper is spending 1.4M for the license of WEMT-TV Fox 39, while BlueStone Television pays 5.6M for the station's intellectual property. The 7M total will partially pair it with BlueStone's WCYB-TV NBC 5. Seller is Sinclair.
Radio Deal of the Week
Savadove moves into Hagerstown
Main Line Broadcasting LLC, owned by radio vet Daniel Savadove, is getting an intact five-station superduopoly in the Hagerstown MD-Chambersburg-Waynesboro PA market for 22.45M. Seller Albert Dame is parting with WCHA-AM, WIKZ-FM, WQCM-FM, WHAG-AM & WDLD-FM in the biggest filing of the month
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