Florida video production company for sale

I am working on an interesting project a little off my normal path: selling a Florida video production studio. Located in an attractive beach community and convenient to Miami, Orlando, Tampa and Jacksonville, the studio features new state-of-the-art HD gear and full 3D virtual set capabilities.

The studio is less than a year old and has a growing base of business with infomercials, commercials, training videos, music videos, TV and online productions. Real estate and two motor homes are included.

If you're looking for a business to grow with the boom in video, email your contact information to me at mailto: George@MediaServicesGroup.com

Disclaimer: I am a licensed Florida Real Estate Broker

George

NYT DealBook: Tough Times Turn Newspaper Lenders into Owners

Insight into some of the issues facing broadcast lenders as well.

http://dealbook.blogs.nytimes.com/2009/11/30/tough-times-turning-newspaper-lenders-into-owners/

Happy Thanksgiving!

Enjoy your family, food, and football, but remember that this is a time to give thanks for all that we have. Happy Thanksgiving!

See you next week,

George

New station comp in our "What's it Worth?" series

Last month, I profiled the ten most meaningful radio transactions (with sale prices of $5 million or more) in 2009, in an attempt to focus in on current station values. (See http://georgereedradiotv.blogspot.com/2009/10/whats-it-worth.html).

Today, I add one more to the list, Bill Saurer's Principle Broadcasting's purchase from the Aloha Station Trust of KCNL in San Jose):

Market: San Jose

Sale Announced: 11/09

Calls: KCNL

Buyer: Principle Broadcasting

Seller: Aloha Station Trust

Market Rank: 35

Price: $5,000,000

Pop Count: 2,032,316 (BIA)

Cost per Pop: $2.46

Comments:

This sale represents the lowest cost-per-pop for the year; it should be a good purchase for Principle. So does that mean that station values continue to fall? I don't think so. I maintain that the "market" is 6x to 8x BCF for cash flowing stations, and $2.50 to $3.50 per pop for FM sticks. Trading discussions continue to pick up, and a number of sellers are now willing to provide seller financing. That bodes well for a pickup in trading activity in first quarter of 2010.

Bank Street Group's Scott Singer discusses "The Future of Big Media" on CNBC

Scott Singer, Managing Director and Head of Media & Entertainment at Bank Street Group appeared on CNBC last week to discuss "The Future of Big Media." See it here:

http://www.cnbc.com/id/15840232?video=1336134455&play=1

Radio/TV Station Buyers group on LinkedIn tops 150 members

Radio/TV station trading is alive and well (at least online)!

Six weeks or so ago, I started a group on LinkedIn (Radio/TV Station Buyers) devoted to members interested in radio and television station trading. Since, the group has expanded to over 150 members, surprising given the dismal economy and barely accessible credit markets.

Group members are encouraged to particpate in industry discussions, and post relevant news and jobs. If you're not yet involved, bookmark this site and join us:

http://www.linkedin.com/groups?gid=2353823&trk=hb_side_g

If you know other broadcasters (or prospective broadcasters) who might benefit from our group's contacts and information, please invite them to check us out.

George
Media Services Group
http://www.mediaservicesgroup.com/location.cfm?id=3

Eric Rhoads: The Sky Is Not Falling . . . Everywhere

A good message from Radio Ink's Eric Rhoads: "The Sky Is Not Falling . . . Everywhere"

http://ericrhoads.blogs.com/ink_tank/

By the way, Eric's blog is a great one to follow if you're in the radio business.

George

"Time" magazine article on Larry Wilson: "Rescuing Radio"

If you're a fan of radio, and/or a fan of Larry Wilson, this is a must read:

http://www.time.com/time/magazine/article/0,9171,1933204-1,00.html