Monday, February 22, 2010

The Spring Thaw Has Started Early


The frozen station trading market is starting to thaw. Media Services Group has actually announced some sales and some closings in recent weeks (including Jody McCoy's Denver sale) after months of dormancy. With our size and scope, we're a good barometer for the state of the marketplace. And pressure is rising.

The credit markets remain a problem, but I take Salem's recent debt placement and Clear Channel's recent upgrade as positive steps. Some sellers in the small markets are now considering seller financed transactions.

Reports from the station operators around the country are generally upbeat about QI business (albeit against easy comps). It appears that national business has turned the corner. The spring thaw has begun a little early this year.

George
Media Services Group