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Deals: 8/23/04-8/26/04
Styles Media's 120M acquisition of the two Spanish Broadcasting System co-channel FMs in Los Angeles propelled this week just about to the head of the class of 2004 - - and the good news is that it would have been a hot week even without the blockbuster. You'd have to go all the way back to the end of May to beat the 90M+ spent on the week's other 19 deals.
|
Total |
Mkts 1-50 |
Mkts 51-100 |
Mkts >100 |
Unrated
|
AMs |
11
|
2 |
1 |
2 |
6 |
FMs |
14
|
4 |
0 |
1 |
9 |
TVs |
7
|
0 |
1 |
6 |
0 |
Total |
32 |
6 |
2 |
9 |
15 |
Type of deal
|
Deals |
Stns |
Value
|
Radio, 1 mkt |
18
|
25 |
$183,011,411 |
TV, 1 mkt
|
2 |
7 |
$28,200,000 |
Rad-TV, 1 mkt
|
0 |
0 |
$0
|
Radio, multimkt
|
0 |
0 |
$0 |
TV, multimkt
|
0 |
0 |
$0 |
Rad-TV, multimkt
|
0 |
0 |
$0
|
Totals |
20 |
32 |
$211,211,411 |
TV Deal of the Week
Smith reorg good for 26M
Smith Media License Holdings is the official surviving corporate moniker following a reorganization affecting the corporate chart and, ultimately, six television stations - - WFFF-TV Burlington VT; WKTV-TV Utica NY; KIMO-TV Anchorge, KATN-TV Fairbanks, KJUD-TV Juneau, all AK; and KEYT-TV Santa Barbara. With a $26M pricetag, its the TV Deal of the Week.
Radio Deal of the Week
LA blockbuster is radio deal of the year
Spanish Broadcasting is thought to have completed its strategic spins, sending co-channel Los Angeles FMs KZAB and KZBA to surprise buyer Styles Media. At $120M, its easily the radio deal of the year, not to mention Radio Deal of the Week.
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