Q: "Why are so many broadcasters selling their tower assets?"
A: There are several valid reasons. The trading multiples on tower cash flow are significantly higher than the BCF multiples for radio and TV stations. Selling your tower allows you to monetize a valuable asset without hindering your station operation. Many owners use the funds to retire debt. It also shifts to tower upkeep, expense and burden from the broadcaster to a tower company.
Since a tower sale does not require FCC approval, cash can be raised quickly.
Media Services Group