TV Station Consolidation Slowed In Second Quarter – Kagan

Upfronts: Meet The Power Players In

Broadcast station M&A volume reached $1.85 billion in the second quarter, about $2 billion less than the year-earlier period, according to market-research firm SNL Kagan, when $3.88 billion of broadcast stations traded hands.

The pace of consolidation slowed in the TV station market owing to recent regulatory moves by the Federal Communications Commission, Kagan suggested in a news release Wednesday.

In the largest TV transaction of the quarter, 21st Century Fox traded its owned-and-operated affiliates in Boston and Memphis for Cox Enterprises’ Fox affiliate in San Francisco together with an independent station in the same market. The largest “non-swap” deal was Gannett Co.’s $215 million acquisition of six stations from London Broadcasting Co., Kagan said.

Broadcast deal volume year to date rose to $5.44 billion, Kagan said, compared with $6.56 billion in the first half of 2013. A total of 613 stations have traded in 2014 to date, Kagan said, of which 449 were radio outlets and 164 were TV stations. The average TV station price in the first half of the year was $46.5 million, compared with $2.3 million for the average radio station.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading