Tom Taylor shared some views of the 2015 radio station trading market from Larry Patrick and me in this morning's "Tom Taylor Now."
Inventory.
George
Media Services Group
Showing posts with label Radio station trading. Show all posts
Showing posts with label Radio station trading. Show all posts
Thursday, February 5, 2015
Saturday, March 29, 2014
Radio has turned the corner
Radio revenues are reported up two months in a row in both New York and Los Angeles. The broadcasters I am talking with are, for the most part, telling the same story. The radio business is improving.
The overhang of workouts and bankruptcy deals has been absorbed into the market. The depressed pricing inherent in these types of transactions has pretty much run its course. Balance Sheets today are much healthier than those from five or six years ago.
Bottom line: Radio has turned the corner.
While multiples are still mostly between 6x and 7x, look for fewer deals in the 5s and more pushing 8x. The bias is now clearly to the upside.
If you would like to confidentially discuss station pricing and opportunities, the Media Services Group suite will once again be at the Encore beginning on Sunday. Please get in touch if you would like to get together.
George
Media Services Group
The overhang of workouts and bankruptcy deals has been absorbed into the market. The depressed pricing inherent in these types of transactions has pretty much run its course. Balance Sheets today are much healthier than those from five or six years ago.
Bottom line: Radio has turned the corner.
While multiples are still mostly between 6x and 7x, look for fewer deals in the 5s and more pushing 8x. The bias is now clearly to the upside.
If you would like to confidentially discuss station pricing and opportunities, the Media Services Group suite will once again be at the Encore beginning on Sunday. Please get in touch if you would like to get together.
George
Media Services Group
Tuesday, January 21, 2014
JVC expands into Gainesville-Ocala, FL
JVC Media/JVC Broadcasting has expanded with JVC Media of Florida’s announcement to purchase a Gainesville/Ocala, FL cluster from Asterisk Communications. JVC has been operating the stations in an LMA since May. On January 17, JVC filed its formal application to acquire the stations for $3.5 Million.*
The stations include Hot AC WMFQ-FM, Country WTRS-FM/WYGC-FM simulcast and Rhythmic CHR WXJZ (“Party 100.9”). The $3.5 million deal includes $350K down, $500,000 in a promissory note and $2,650,000 cash at closing.
JVC will spin its CHR/Dance WBXY-FM (“Party 99.5) to RMA Media (Ricardo Arroyo) for $500K. On December 26, Party 99.5’s format was moved to JVC’s WXJZ-FM (100.9) last month. John Caracciolo and Victor Canales are the principals of JVC, and financing is provided by Northwood Ventures. The stations include two primarily serving the Ocala and three oriented to the northern Gainesville side.
Ocala
WTRS-FM Dunnellon, a Class C2 on 102.3 MHz with 50 kW @ 489’
WMFQ-FM Ocala, a Class C2 on 92.9 MHz with 50 kW @ 476’
Gainesville
WXJZ-FM Gainesville, a Class A on 100.9 MHz with 6 kW @ 299’
WBXY-FM La Crosse, a Class A on 99.5 MHz with 2.2 kW @ 472’
WYGC-FM High Springs, a Class A on 104.9 MHz with 3.2 kW @ 449’
I was pleased to represent the seller, Asterisk Communications in the transaction. Congratulations to Fred Ingham, John Caracciolo, Paul Homer, Ricardo Arroyo, and Victor Canales on the deal.
*Pending FCC approval
George
Media Services Group
The stations include Hot AC WMFQ-FM, Country WTRS-FM/WYGC-FM simulcast and Rhythmic CHR WXJZ (“Party 100.9”). The $3.5 million deal includes $350K down, $500,000 in a promissory note and $2,650,000 cash at closing.
JVC will spin its CHR/Dance WBXY-FM (“Party 99.5) to RMA Media (Ricardo Arroyo) for $500K. On December 26, Party 99.5’s format was moved to JVC’s WXJZ-FM (100.9) last month. John Caracciolo and Victor Canales are the principals of JVC, and financing is provided by Northwood Ventures. The stations include two primarily serving the Ocala and three oriented to the northern Gainesville side.
Ocala
WTRS-FM Dunnellon, a Class C2 on 102.3 MHz with 50 kW @ 489’
WMFQ-FM Ocala, a Class C2 on 92.9 MHz with 50 kW @ 476’
Gainesville
WXJZ-FM Gainesville, a Class A on 100.9 MHz with 6 kW @ 299’
WBXY-FM La Crosse, a Class A on 99.5 MHz with 2.2 kW @ 472’
WYGC-FM High Springs, a Class A on 104.9 MHz with 3.2 kW @ 449’
I was pleased to represent the seller, Asterisk Communications in the transaction. Congratulations to Fred Ingham, John Caracciolo, Paul Homer, Ricardo Arroyo, and Victor Canales on the deal.
*Pending FCC approval
George
Media Services Group
Monday, June 3, 2013
FAQ's about radio and television station trading
Over the course of the next few weeks, I plan to post some of our most frequently asked questions (along with our most frequent responses!). Please feel free to add to the conversation with your own questions.
A: Consider attending the NAB Radio Show. You might also take a look at the books in the NAB Store. Refer also to this white paper (registration required). I address first-time-buyers on occasion in this blog, so you may want to consider subscribing. You can check out a post HERE ("Buying Your First Station") from a few years ago which is still relevant today.
George
Media Services Group
Q: "I’m new to this. Where can I get pointers on buying my first radio station?"
A: Consider attending the NAB Radio Show. You might also take a look at the books in the NAB Store. Refer also to this white paper (registration required). I address first-time-buyers on occasion in this blog, so you may want to consider subscribing. You can check out a post HERE ("Buying Your First Station") from a few years ago which is still relevant today.
George
Media Services Group
Wednesday, May 22, 2013
Inside Radio: Spring blossoming of mid-market deals
"Inside Radio" ran an interesting story today on the state of
radio station trading ("Spring blossoming of mid-market deals"). The
article shared a few of my own thoughts and observations. You can check it out
by clicking HERE.
George
Media Services Group
George
Media Services Group
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