Unlock the Value in Your Broadcast Towers

Many of our broadcaster clients have chosen to monetize their tower assets at impressive prices.  This year alone, I have sold and closed over 200 broadcast towers to tower consolidators.  While radio stations continue to trade at 6.0x to 7.0x cash flow multiples, towers are trading and 10.0x to 12.0x, and well into the “teens” if they include 3^rd-party cellular tenants.


If you would like to confidentially discuss the value and marketability of your broadcast towers, please give me a call.


George
Media Services Group
904.285.3239

Beasley Broadcast Group + Greater Media

Thoughts on the $240 million deal. Read them here. 

NJ Broadcasting, LLC Closes on WWRL-AM In New York City (Press Release)

NJ Broadcasting, LLC, owned by Dr. Nimisha Shukla, closed on the purchase of WWRL-AM, New York City, from Access.1 Communications Corp. Access.1 is headed by Chesley Maddox-Dorsey. The station has been operated by NJ Broadcasting under an LMA since February 1. The purchase price was $7,000,000. 

WWRL-AM, 1600 kHz, programs for the large South Asian Community located throughout the Tri-State Area. Dr. Shukla, a Pediatric Physician, also owns 7 Days Pediatrics, located in Edison, New Jersey.

Tom McKinley and George Reed of Media Services Group represented the seller in this transaction.

Tweet of the Week

Have a great 4th!

George