- #1, Top radio broker
- #1, Top broadcast broker by number of radio stations sold
- #1, Top broadcast broker by number of total deals
- #1 and #6, Top brokered deals (excluding deals exclusively brokered by investment banks)
Friday, March 18, 2016
Media Services Group maintains the top spot in the broadcast brokerage rankings for 2015.*
About Media Services Group:
Media Services Group was founded in 1990 and has grown into one of the most successful media brokerage firms in the past decade. The firm offers brokerage, asset management, valuation and investment banking services to the broadcast and new media industries from offices throughout the U.S. For more information, please visit www.mediaservicesgroup.com
*Source: SNL Kagan Broadcast Investor: Deals & Finance (Edition: February 29, 2016)
Wednesday, March 2, 2016
Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., today announced that it has completed the acquisition of nearly 200 radio broadcast towers in a two part transaction with Alpha Media. The portfolio of assets acquired includes 64 sites from Alpha Media’s existing portfolio and 49 sites which Alpha Media recently acquired as part of its purchase of radio stations from Digity, LLC. Financial terms of the transaction were not disclosed.
With this acquisition, Vertical Bridge now has a total portfolio of over 42,000 towers, rooftop locations, billboards, utility infrastructure and other site locations that it owns, operates or manages. The company’s geographic presence in key markets across the U.S. has also expanded significantly.
“We are thrilled to partner with Larry Wilson and Alpha Media, which owns and operates an admirable portfolio of assets in prime locations across top markets,” said Alex Gellman, Chief Executive Officer of Vertical Bridge. “It would be challenging to site these towers today, and we feel fortunate to expand our portfolio into these areas and further strengthen Vertical Bridge’s offering to our partners. Since these towers have not yet been marketed to wireless carriers, they offer attractive new collocation opportunities. Our broadcast partners will also benefit from the height of these towers as they will provide good relocation options relative to the 600MHz auction repacking process.”
Alpha Media Chairman, Larry Wilson commented on the announcement, “We could not have done this without the hard work and determination from the great team at Vertical Bridge. We’re proud to call them a partner of the Alpha Media family.”
George Reed of Media Services Group is the broker for Alpha Media.