Transactions: 9/3/07-9/7/07
Radio trading made somewhat of a comeback in the first week of September. It wasn't all that amazing or anything, but when you consider four weeks of August yielded only 33.09M worth of value, this week's 32.364M looks pretty good. Also encouraging was that six separate transactions managed to clear the 1M hurdle, so it wasn't a case of one agreement providing virtually all of the cash changing hands. Clear Channel was a shadow on the TV side, as a pair of stations it sold were resold.
|
Total |
Mkts 1-50 |
Mkts 51-100 |
Mkts >100 |
Unrated
|
| AMs |
6
|
0 |
0 |
4 |
2 |
| FMs |
11
|
0 |
2 |
3 |
6 |
| TVs |
2
|
2 |
0 |
0 |
0 |
| Total |
19 |
2 |
2 |
7 |
8 |
|
Type of deal
|
Deals |
Stns |
Value
|
| Radio, 1 mkt |
10
|
17 |
32.364M |
|
TV, 1 mkt
|
0 |
0 |
$0
|
|
Rad-TV, 1 mkt
|
0 |
0 |
$0
|
|
Radio, multimkt
|
0 |
0 |
$0
|
|
TV, multimkt
|
1 |
2 |
26.6M |
|
Rad-TV, multimkt
|
0 |
0 |
$0
|
| Totals |
11 |
19 |
58.964M |
©2007 Radio Business Report, Inc. All rights reserved.
TV Deal of the Week
TV group expands with CCU pass-alongs
Newport Television/Providence Equity Partners picked up indies KFTY-TV San Francisco-Oakland-San Jose CA (Santa Rosa CA Ch. 50) & KVOS-TV Seattle-Tacoma WA ((Bellingham WA, Ch. 12) frrom Clear Channel in a group deal. Now its spinning them to LK Station, owned by Barbara Laurence and Seth Kanegis. The price is 26.6M.
Radio Deal of the Week
NRG expands into Lincoln
Midwest broadcast group NRG Media is getting an intact Lincoln NE superduopoly cluster from David J. Benjamin's Triad Broadcasting Company. KBBK-FM/KLNC-FM/KLIN-AM, KFGE-FM & KWBE-AM are going to the Norman Waitt & Mary Quass collaboration for 17.5M.
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©2007 Radio Business Report, Inc. All rights reserved.
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