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Transactions: 1/15/07-1/19/07
Week three of 2007 beat each of week one and week two by a tenfold amount of transaction value, but it all came from one - the sale of the New York Times television group to Oak Hill Partners. Other than that, the week was almost bereft of action. Only six radio stations changed hands.
|
Total |
Mkts 1-50 |
Mkts 51-100 |
Mkts >100 |
Unrated
|
| AMs |
2
|
0 |
0 |
0 |
2 |
| FMs |
4
|
0 |
1 |
0 |
3 |
| TVs |
9
|
2 |
4 |
3 |
0 |
| Total |
15 |
2 |
5 |
3 |
5 |
|
Type of deal
|
Deals |
Stns |
Value
|
| Radio, 1 mkt |
4
|
6 |
1.065M |
|
TV, 1 mkt
|
0 |
0 |
$0
|
|
Rad-TV, 1 mkt
|
0 |
0 |
$0
|
|
Radio, multimkt
|
0 |
0 |
$0
|
|
TV, multimkt
|
1 |
9 |
575M |
|
Rad-TV, multimkt
|
0 |
0 |
$0
|
| Totals |
5 |
15 |
576.065M |
©2007 Radio Business Report, Inc. All rights reserved.
TV Deal of the Week
Oak Hill snags NYT group
When you buy nine network affiliates in eight markets, you have a good chance of winning recognition in this space, and Oak Hill Capital Partners certainly qualified with its 575M acquisition of the New York Times television portfolio. Of interest is the emergence of radio icon Randy Michaels to run the group.
Radio Deal of the Week
Arkansas cluster expands
It was very quiet on the radio side this week. Very quiet. An agreement that barely exceeded 1M - 1.05M, to be exact, is the top transaction. KHBM AM & FM/KGPQ-FM Monticello AR and KXSA-FM Dermott AR go from Community Radio Network to Pines Broadcasting Inc., owned by Jimmy and Gwen Sledge, joining a daisy chain with KWRF AM & FM Warren AR.
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©2007 Radio Business Report, Inc. All rights reserved.
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