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Deals: 8/30/04-9/3/04
The sum total of station trading in this montly changeover week returned to the doldrums, although there was a respectable amount of volume. Three multi-market radio deals accounted for most of the value. Almost all the action was in small or unrated markets.
|
Total |
Mkts 1-50 |
Mkts 51-100 |
Mkts >100 |
Unrated
|
| AMs |
15
|
3 |
1 |
5 |
6 |
| FMs |
12
|
1 |
0 |
5 |
6 |
| TVs |
1
|
0 |
0 |
1 |
0 |
| Total |
28 |
4 |
1 |
11 |
12 |
|
Type of deal
|
Deals |
Stns |
Value
|
| Radio, 1 mkt |
11
|
11 |
$7,875,000 |
|
TV, 1 mkt
|
1 |
1 |
$3,000,000 |
|
Rad-TV, 1 mkt
|
0 |
0 |
$0
|
|
Radio, multimkt
|
3 |
16 |
$19,250,000 |
|
TV, multimkt
|
0 |
0 |
$0 |
|
Rad-TV, multimkt
|
0 |
0 |
$0
|
| Totals |
15 |
28 |
$30,125,000 |
TV Deal of the Week
Washington moves into Montana
The ranks of minority broadcast owners willl get a boost when Darnell Washington's Destiny Communications closes on its acquisition of NBC KTGF-TV in the Great Falls market. Seller Max Media had to divest to stay within the ownership caps - - it's keeping ABC KFBB-TV. It's this weeks only TV deal, so it only took $3M to be TV Deal of the Week.
Radio Deal of the Week
When the Saints go marching out...
The non-profit world claimed the radio bragging rights as August wound into September. Minnesota Public Radio put together a package estimated at $12.2M to get WCAL-FM in the Minneapolis market and KMSE-FM in Rochester MN from seller Saint Olaf College. It was the Radio Deal of the Week by a wide margin.
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