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Great Plains Media, will purchase 4-station radio group in Cookeville, TN from Clear Channel Communications, Inc.

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Like 4-station radio group in Cookeville, TN

announced 3/25/2008 via Radio Online

Great Plains Media, will purchase 4-station radio group in Cookeville, TN from Clear Channel Communications, Inc.

synopsis: Clear Channel Radio continues to divest its small market clusters and has agreed to sell its 4-station group in Cookeville, TN, to Great Plains Media Inc. for an undisclosed amount. Included in the deal are Classic Country WHUB-AM (1400), CHR WGIC-FM (98.5), Country WGSQ-FM (94.7) and News/Talk WPTN-AM (780).
buyer: Great Plains Media
Great Plains Media is a Cape Girardeau, MO-based company headed by Jerome R. Zimmer. The company also owns owns three stations in Bloomington, IL; two outlets in Topeka, KS; and KLWN-AM/Lawrence, KS.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
$7.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/16/2013 via PR Newswire

Jim Pattison Broadcast Group, acquired QX 104 FM

synopsis: The Jim Pattison Broadcast Group Limited Partnership (Pattison) announced its acquisition of an FM radio station from Astral Media Inc. The station is called QX 104 (CFQX-FM), providing country music to Winnipeg, CA.
buyer parent:Jim Pattison Group
buyer: Jim Pattison Broadcast Group
The Jim Pattison Broadcast Group, with its headquarters in Kamloops, B.C. is the industry's largest private, western-based broadcast group, currently operating 30 FM radio stations, as well as three conventional television stations, in British Columbia and Alberta.
target parent: Astral Media Inc.
target: QX 104 FM
CFQX-FM is a country music radio station in Winnipeg, Manitoba. The station currently operates out of studios in downtown Winnipeg, at 177 Lombard Avenue. It broadcasts at 104.1 on the FM dial.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/9/2013 via BNC Analysis

Community Broadcast Group, purchased 7 Radio Stations from Backyard Broadcasting

synopsis: Community Broadcasters acquired seven radio stations in the Elmira–Corning and Olean markets in NY. In the Elmira–Corning market, the stations include WNKI-FM, WNGZ-FM, WPGI-FM, WWLZ-AM, and WRCE-AM. In the Olean market, the stations include WPIG-FM and WHDL-AM.
buyer: Community Broadcast Group
Community Broadcast Group Inc. offers broadcasting services. The company is based in Watertown, NY.
seller: Backyard Broadcasting
The stations in the Elmira–Corning market include WNKI-FM (hit music format), WNGZ-FM (classic rock), WPGI-FM (country-100.9 Big Pig), WWLZ-AM (news/talk/sports), and WRCE-AM (simulcast of WNGZ). The stations in the Olean market include WPIG-FM (country) and WHDL-AM (oldies).
price ($mm)
$3.60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/12/2013 via BNC Analysis

Mid-West Family Broadcasting, purchased Eau Claire and Rockford Broadcast Assets from Maverick Media, LLC

synopsis: Mid-West Family Broadcasting is acquiring the broadcast assets of Maverick Media LLC in the Eau Claire and Rockford, IL markets. This acquisition adds 10 stations to Mid-West Family Broadcasting.
buyer: Mid-West Family Broadcasting
Mid-West Family Broadcasting operates radio stations in 5 markets in WI, IL and MO, all locally owned by shareholder employees. Each market is a separate company, enabling each to best serve its individual communities through local decision making.
seller: Maverick Media, LLC
Maverick Media's Eau Claire and Rockford broadcast assets include: WAYY-AM; WEAQ-AM; WECL-FM; WIAL-FM; WDRK-FM; WAXX-FM; WNTA-AM/FM; WRTB-FM; WGFB-FM; and WXRX-FM/D-D2.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/11/2013 via Market Wire

Fisher Communications, Inc. will be merged with Sinclair Broadcast Group,

synopsis: Sinclair Broadcast Group, Inc. and Fisher Communications, Inc. announced that they have entered into a definitive merger agreement whereby Sinclair will acquire Fisher in a merger transaction for approximately $373.3 mil. Fisher owns 20 television stations in 8 markets, reaching 3.9% of U.S. TV households, & 3 radio stations in the Seattle market.
buyer: Sinclair Broadcast Group(SBGI:$1,061.68)
Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs or provides sales services to 65 television stations in 39 markets.
target: Fisher Communications, Inc.(FSCI:$168.20)
Fisher Communications, Inc. is a Seattle-based communications company that owns & operates 13 full power television stations, 7 low power television stations, 3 owned radio stations, one managed radio station in the Western U.S., the Fisher Interactive Network, its online division & Fisher Pathways.
price($mm)[EV]
$369 [$350]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/8/2013 via BNC Analysis

Sonoma Media Group, will purchase 5 Radio Stations from Maverick Media, LLC

synopsis: Sonoma Media Group, a local group of investors led by Lawrence Amaturo, announced a deal to buy five Sonoma County radio stations, including news/talk radio station KSRO. The deal includes four FM radio stations: 97.7 The River, Hot 101.7, Froggy 92.9 and Mix 104.9.
buyer: Sonoma Media Group
Sonoma Media Group is a group of investors led by Lawrence Amaturo.
seller: Maverick Media, LLC
The Sonoma County radio stations include news/talk radio station KSRO, 97.7 The River, Hot 101.7, Froggy 92.9 and Mix 104.9.
price ($mm)
$4.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/7/2013 via BNC Analysis

Oceania Capital Partners, acquired Sunshine Coast Broadcasters

synopsis: Oceania Capital Partners has acquired all of the issued capital of Sunshine Coast Broadcasters via subsidiary EON Broadcasting. Sunshine Coast Broadcasters owns and operates FM radio stations SEA FM and MIX FM.
buyer: Oceania Capital Partners
Oceania Capital Partners Limited is an investment company that provides its shareholders with investment exposure to, and returns from, investments in operating businesses.
target parent: Southern Cross Austereo
target: Sunshine Coast Broadcasters
Sunshine Coast Broadcasters is the holder of two commercial FM radio licences on the Queensland Sunshine Coast (Sea FM and Mix FM) in Australia.
price ($mm)
$18
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/27/2013 via Company Press Release

Bauer Media Group, acquired D.EXPRES, a.s.

synopsis: The Bauer Media Group has announced the expansion of its international radio portfolio, with the acquisition of Rádio Expres in Slovakia from Emmis Communications Corporation. With a reach of more than 1.5 million listeners per week, Rádio Expres has a market share of 20% since 2005 and is the undisputed market leader.
buyer: Bauer Media Group
Bauer Media Group publishes, sells, and markets magazines, periodicals, and various special publications focusing on magazines, radio/TV, and online media business segments in Germany and internationally.
target parent: Emmis Communications Corporation
target: D.EXPRES, a.s.
D.EXPRES, a.s. owns and operates Radio Expres. Radio Expres is the top-rated private commercial radio station in Slovakia, featuring a format of popular music, news, and entertainment. It broadcasts from Bratislava, the capital, and is heard throughout the country.
price ($mm)
$21*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/13/2013 via PR Newswire

Connoisseur Media, will purchase Southern Connecticut radio stations from Cox Media Group, Inc.

synopsis: Cox Media Group has reached a definitive agreement to sell its Southern Connecticut radio stations – WPLR-FM, WEZN-FM, WFOX-FM, and contract rights for WYBC-FM – to Westport, CT. based Connoisseur Media.
buyer: Connoisseur Media
Connoisseur Media is a Westport-based company that owns and operates radio stations in Bloomington, Ill., Huntington, W.V., Billings, Mont., Wichita, Kan., Erie, Pa., Omaha, Neb., Rapid City, S.D., and Bismarck, N.D.
seller parent: Cox Enterprises Inc.
seller: Cox Media Group, Inc.
The Southern Connecticut radio stations from Cox Media Group includes – WPLR-FM, WEZN-FM, WFOX-FM, and contract rights for WYBC-FM.
price ($mm)
$40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/13/2013 via PR Newswire

SummitMedia, purchased Radio Stations in 5 Markets from Cox Media Group, Inc.

synopsis: SummitMedia, LLC has closed on its acquisition of 27 radio stations and 1 local marketing agreement from Cox Media Group. The stations are in Birmingham, AL; Greenville, SC; Honolulu, HI; Louisville, KY.; and Richmond, VA.
buyer: SummitMedia
Summit Media is a group led by former Heftel Broadcasting executive Carl Parmer and 16-year Cox Birmingham market manager David DuBose.
seller parent: Cox Enterprises Inc.
seller: Cox Media Group, Inc.
The Cox Media Group radio stations are located in Birmingham, AL; Greenville, SC; Honolulu, HI; Louisville, KY.; and Richmond, VA. Birmingham stations included in the sale include WBHK (98.7 Kiss FM), WBHJ (95.7 Jamz), WZZK 104.7 FM, WAGG-AM, WENN-AM and WBPT-FM.
price ($mm)
$66
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/9/2013 via PR Newswire

Discovery Communications, purchased SBS Nordic Operations from ProSiebenSat.1

synopsis: Discovery Communications announced that it has completed the acquisition of the SBS Nordic operations of ProSiebenSat.1 Group. The acquisition adds 12 television networks, as well as leading radio stations and several digital brands, to Discovery's existing portfolio of eight brands in Norway, Sweden, Denmark and Finland.
buyer: Discovery Communications(DISCA:$4,487.00)
Discovery Communications is the world's number 1 nonfiction media company reaching more than 1.8 billion cumulative subscribers in 209 countries and territories. Discovery is dedicated to satisfying curiosity through 149 worldwide television networks.
seller: ProSiebenSat.1
The SBS Nordic Operations of ProSiebenSat.1 includes 12 television networks in Norway, Sweden, Denmark and Finland. SBS Nordic also owns 19 radio stations, including the #1 radio portfolio in Sweden, as well as several digital brands.
price ($mm)
$1,700
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/14/2012 via PR Newswire

Newcap Radio, will acquire 103.5 The Eagle

synopsis: Newcap Radio has received approval from the Canadian Radio-television and Telecommunications Commission for the purchase of 70.1% of the shares of 103.5 The Eagle radio in Sydney, Nova Scotia. 103.5 The Eagle plays country music.
buyer parent:Newfoundland Capital Corp. Ltd.
buyer: Newcap Radio
Newcap Radio is one of Canada's leading radio broadcasters with 86 licences across Canada. The company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.
target: 103.5 The Eagle
CKCH-FM is a Canadian radio station broadcasting from Sydney, Nova Scotia on the FM dial at 103.5 MHz, identified on-air as 103.5 The Eagle. The station plays country music.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/23/2012 via PR Newswire

Salem Communications Corporation, will acquire 98.9 Jack FM

synopsis: Radio One, Inc. announced it has signed a definitive agreement to sell the assets of one of its Columbus, Ohio radio stations, WJKR-FM (98.9 Jack FM), to Salem Media of Ohio, Inc., a subsidiary of Salem Communications.
buyer: Salem Communications Corporation(SALM:$218.17)
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage.
target parent: Radio One, Inc.
target: 98.9 Jack FM
98.9 Jack FM is a radio station in Columbus, Ohio.
price ($mm)
$4.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/1/2012 via Company Press Release

My Broadcasting Corporation, will acquire CD 98.9 Inc

synopsis: My Broadcasting Corporation announced that the company has entered into a purchase agreement to acquire CD 98.9 FM. CD 98.9 FM offers updates on weather, events, and activities.
buyer: My Broadcasting Corporation
My Broadcasting Corporation (MBC), Ontario's Local Broadcast Company, operates radio stations in 12 markets across Ontario. Markets include Renfrew, Pembroke, Arnprior, Gananoque, Greater Napanee, Brighton, St. Thomas, Strathroy, Exeter, Goderich, Kincardine and Port Elgin.
target: CD 98.9 Inc
CD 98.9 is a Canadian radio station, broadcasting at 98.9 FM in Simcoe, Ontario, Canada. The station airs an Adult Contemporary format.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/18/2012 via BNC Analysis

Midwest Communications, Inc., will acquire Ingstad Radio Washington LLC

synopsis: Radio Fargo-Moorhead owner and president Jim Ingstad said he has entered into an agreement to sell the six radio stations to Midwest Communications, based in Wausau, Wis. The sale includes KFGO-AM, KVOX-AM, KBVB-FM, WDAY-FM, KRWK-FM and KMJO-FM.
buyer: Midwest Communications, Inc.
Midwest Communications consists of Midwest Communications, Inc. and WRIG, Inc., which collectively own forty-seven (47) radio stations.
target: Ingstad Radio Washington LLC
Ingstad runs Radio Fargo Moorhead, a group of six stations covering Fargo and nearby Moorhead, Minn. The stations include KFGO-AM, KVOX-AM, KBVB-FM, WDAY-FM, KRWK-FM and KMJO-FM.
price ($mm)
$25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/2/2012 via BNC Analysis

Illyria Pty Ltd, acquired DMG Radio Australia

synopsis: Lachlan Murdoch's investment vehicle Illyria has acquired the remaining 50 percent of DMG Radio Australia it did not already own. DMG Radio Australia operates commercial radio networks in metropolitan and regional areas of Australia. DMG’s digital radio stations include the dance station Novanation and the chillout music station Koffee.
buyer: Illyria Pty Ltd
Illyria Pty Ltd. is owned by Lachlan Murdoch. He also owns 9 per cent of Ten Network Holdings and is a director at News Corporation, owner of News Limited, the publisher of The Australian. Mr. Murdoch set up Illyria in 2005 shortly after standing down from executive duties at News Corporation.
target parent: Daily Mail and General Trust plc
target: DMG Radio Australia
DMG Radio Australia operates commercial radio networks in metropolitan and regional areas of Australia. DMG’s digital radio stations include the dance station Novanation and the chillout music station Koffee.
price ($mm)
$104*
rev ($mm)
$126
EBITDA ($mm)
EV / rev
1.7x
EV / EBITDA
announced 8/30/2012 via BNC Analysis

Crawford Broadcasting Company, will purchase AM 970 from Western New York Public Broadcasting Association

synopsis: The Denver-based broadcasting company, Crawford Broadcasting Company which owns WDCX-FM in Buffalo has agreed to buy WNED-AM from the Western New York Public Broadcasting Association for $875,000.
buyer: Crawford Broadcasting Company
Crawford Broadcasting Company is the industry leader in reaching radio's most loyal and responsive audience, providing the very best in Christian and secular programming with cutting-edge radio station facilities.
seller: Western New York Public Broadcasting Association
Western New York Public Broadcasting Association (WNYPBA) is a public broadcasting organization. The organization owns and operates television, music, and news stations and offers programming services to Southern Ontario and Western New York.
price ($mm)
$0.88
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/23/2012 via BNC Analysis

Grupo Radio Centro, purchased KXOS-FM from Emmis Communications Corporation

synopsis: 93.9 Holdings, Inc, a newly formed subsidiary of Grupo Radio Centro, has acquired 93.9 KXOS-FM, a spanish radio station serving the Los Angeles, CA area, from Emmis Communications Corporation.
buyer: Grupo Radio Centro
Grupo Radio Centro owns and operates 15 radio stations. Of these 15 radio stations, 12 stations are located in Mexico City, two stations are located in Guadalajara and Monterrey, and one station is located in Los Angeles.
seller: Emmis Communications Corporation(EMMS:$236.01)
Emmis Communications Corporation, a diversified media company, engages in radio broadcasting and magazine publishing operations primarily in the United States. It also owns and operates national radio networks in Slovakia and Bulgaria.
price ($mm)
$86
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/13/2012 via BusinessWire

Clear Channel Communications, Inc., will acquire WOR 710

synopsis: Clear Channel Media and Entertainment and Buckley Radio announced that Clear Channel is purchasing AM radio station WOR 710 from Buckley Broadcasting Corporation, pending FCC approval. Founded in 1922, WOR 710 AM is New York’s oldest radio station and one of the country’s most iconic radio brands.
buyer parent:CC Media Holdings, Inc.
buyer: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in providing mobile and on-demand entertainment and information services for local communities and premier opportunities for advertisers - through outdoor, radio and digital platforms.
target parent: Buckley Radio
target: WOR 710
Founded in 1922, WOR 710 HD is New York's oldest, privately-owned and continuously-operated radio station. WOR provides a well-rounded schedule of informational and lifestyle programming, featuring personalities such as John Gambling, Joe Bartlett, Joan Hamburg, Mike Gallagher, and Dave Ramsey.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/9/2012 via BNC Analysis

Radio One, Inc., purchased WZZQ, W282AX, & WNOW-FM from Gaffney Broadcasting, Inc.

synopsis: Radio-One, via a wholly owned subsidiary entitled Charlotte Broadcasting, has acquired 1500 WZZQ, 104.3 W282AX, and 105.3 WNOW-FM Gaffney SC/Charlotte from Gaffney Broadcasting. As part of the $7.75 Million purchase, Radio-One will attempt to spinoff 1500 WZZQ and its 104.3 translator in Gaffney to a third party.
buyer: Radio One, Inc.(ROIAK:$364.61)
Radio One, Inc. is the largest radio broadcasting company that targets African-American and urban listeners. Radio One owns 53 broadcast stations located in 16 urban markets in the United States.
seller parent: Davidson Media Group
seller: Gaffney Broadcasting, Inc.
Gaffney Broadcasting, Inc. owns and operates a radio station WAGI-FM (105.3) which broadcasts national news. The company is based in Gaffney, South Carolina. Gaffney Broadcasting, Inc. operates as a subsidiary of Davidson Media Group, LLC.
price ($mm)
$7.75
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target
announced 8/13/2012 via BusinessWire

Clear Channel Communications, Inc., will acquire WOR 710

synopsis: Clear Channel Media and Entertainment and Buckley Radio announced that Clear Channel is purchasing AM radio station WOR 710 from Buckley Broadcasting Corporation, pending FCC approval. Founded in 1922, WOR 710 AM is New York’s oldest radio station and one of the country’s most iconic radio brands.
buyer parent:CC Media Holdings, Inc.
buyer: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in providing mobile and on-demand entertainment and information services for local communities and premier opportunities for advertisers - through outdoor, radio and digital platforms.
target parent: Buckley Radio
target: WOR 710
Founded in 1922, WOR 710 HD is New York's oldest, privately-owned and continuously-operated radio station. WOR provides a well-rounded schedule of informational and lifestyle programming, featuring personalities such as John Gambling, Joe Bartlett, Joan Hamburg, Mike Gallagher, and Dave Ramsey.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/29/2011 via PR Newswire

Clear Channel Communications, Inc., acquired Metro Traffic

synopsis: Westwood One, Inc. announced that it is focusing on expanding its core Network Radio business and has sold its Metro Traffic division to Clear Channel Acquisition LLC, an affiliate of Clear Channel Communications, Inc. Metro Traffic delivers best-in-class traffic programming and services to 130 metropolitan areas.
buyer parent:CC Media Holdings, Inc.
buyer: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premiere opportunities for advertisers.
target parent: The Gores Group, LLC
target: Metro Traffic
Metro Traffic delivers best-in-class traffic programming and services -- plus news, sports and weather -- with nationwide operations, cutting-edge technology, and the best talent in the business. The company serves 130 metropolitan areas across the country.
price ($mm)
$19
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/1/2011 via BusinessWire

Clear Channel Communications, Inc., will purchase Cloud-Based Music Business from Thumbplay, Inc.

synopsis: Clear Channel Radio, the country’s leading digital and terrestrial radio company, has announced an agreement with digital music company Thumbplay, Inc. to acquire its leading-edge cloud-based music service, platform and team of mobile technology, product and marketing experts.
buyer parent:CC Media Holdings, Inc.
buyer: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premiere opportunities for advertisers.
seller: Thumbplay, Inc.
Thumbplay, Inc. is the leading mobile entertainment provider in the U.S. The company's Thumbplay Music is a cloud-based, streaming music service for smartphones and PCs/Macs. Thumbplay.com features licensed music, video and games from some of the world's largest entertainment companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/15/2010 via BusinessWire

The Ellman Companies, acquired Branded Cities

synopsis: The Ellman Companies announced that Ellman has acquired all of Clear Channel’s majority interest in Clear Channel Branded Cities, a landmark signage and activation venture, making Ellman the 100% owner of Branded Cities. The company will retain the ‘Branded Cities’ name.
buyer: The Ellman Companies
Ellman is a privately owned international real estate, investment and media company founded in 1972 by Steven Ellman. Currently, Ellman is one of the largest owners of land in Metropolitan Phoenix and owns more than one million square feet of Class A office space.
target parent: Clear Channel Communications, Inc.
target: Branded Cities
Branded Cities specializes in the use of “Brandscaping". Brandscaping combines spectacular, bright lights style outdoor signage and advertising with presence based components such as branded entitlements (plazas and public spaces), product purchase integration and naming rights opportunities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/1/2009 via PR Newswire

CBS Radio, Inc., purchased two radio stations in Houston from Clear Channel Communications, Inc.

synopsis: CBS RADIO announced it has completed its deal with Clear Channel Communications, Inc. to swap five mid-size market radio stations for two large market stations, moving forward in its strategy of divesting mid-size market stations to focus on large markets.
buyer parent:CBS Corporation
buyer: CBS Radio, Inc.
CBS Radio is one of the largest major-market operators in the United States with stations covering news, alternative rock, country, FM talk, classic rock, oldies, JACK and urban formats, among others.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/1/2009 via PR Newswire

Clear Channel Communications, Inc., purchased five radio stations from CBS Radio, Inc.

synopsis: CBS RADIO announced it has completed its deal with Clear Channel Communications, Inc. to swap five mid-size market radio stations for two large market stations, moving forward in its strategy of divesting mid-size market stations to focus on large markets.
buyer: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
seller parent: CBS Corporation
seller: CBS Radio, Inc.
CBS Radio is one of the largest major-market operators in the United States with stations covering news, alternative rock, country, FM talk, classic rock, oldies, JACK and urban formats, among others.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/4/2008 via BNC Analysis

Red Zebra Broadcasting LLC, will purchase WTNT, WWRC and WTEM from Clear Channel Communications, Inc.

synopsis: Red Zebra Broadcasting LLC entered into an agreement to acquire WTNT, WWRC and WTEM from Clear Channel Communications Inc. for a consideration of $24.5 million on June 4, 2008. The deal is subject to approval by Federal Communications Commission.
buyer: Red Zebra Broadcasting LLC
Red Zebra Broadcasting LLC owns and operates radio stations in Washington and Virginia. It was founded in 2006
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
$25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/2/2008 via BNC Analysis

Hometown Broadcasting Inc., purchased Austin Radio Station from Clear Channel Communications, Inc.

synopsis: As of June 2, 2008, Austin Radio Station of Clear Channel Communications Inc. was acquired by Hometown Broadcasting Inc. Austin Radio Station provides radio broadcasting services. Clear Channel Communications Inc. is based in San Antonio, Texas.
buyer: Hometown Broadcasting Inc.
Hometown Broadcasting Inc. owns and operates a radio broadcasting station, serving Albert Lea region.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/25/2008 via Radio Online

Great Plains Media, will purchase 4-station radio group in Cookeville, TN from Clear Channel Communications, Inc.

synopsis: Clear Channel Radio continues to divest its small market clusters and has agreed to sell its 4-station group in Cookeville, TN, to Great Plains Media Inc. for an undisclosed amount. Included in the deal are Classic Country WHUB-AM (1400), CHR WGIC-FM (98.5), Country WGSQ-FM (94.7) and News/Talk WPTN-AM (780).
buyer: Great Plains Media
Great Plains Media is a Cape Girardeau, MO-based company headed by Jerome R. Zimmer. The company also owns owns three stations in Bloomington, IL; two outlets in Topeka, KS; and KLWN-AM/Lawrence, KS.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
$7.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/14/2008 via

Vox Communications, purchased seven radio frequencies from Clear Channel Communications, Inc.

synopsis: Seven Clear Channel radio frequencies will be sold to Vox Communications LLC. The deal between Vox Communications was reached earlier this week, said Ken Barlow, Vox ’s chief operating officer. The purchase price was not disclosed.
buyer: Vox Communications
Vox Communications, LLC specializes in small & medium market clusters in a wide geographical area. The company has current holdings in The Berkshires of Western Massachusetts, Harrisonburg, VA and The Florida Keys.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
$9.90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/20/2007 via Company Press Release

Providence Equity Partners Inc., will purchase 56 television stations from Clear Channel Communications, Inc.

synopsis: Clear Channel Communications, Inc. has entered into a definitive agreement to sell its Television Group to Providence Equity Partners Inc. for approximately $1.2 billion. The sale includes 56 television stations (including 18 digital multicast stations) located in 24 markets across the United States.
buyer: Providence Equity Partners Inc.
Providence Equity Partners Inc. is a private investment firm specializing in equity investments in communications and media companies around the world. The principals of Providence Equity manage funds with approximately $21 billion in equity commitments.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
$1,200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/24/2008 via Company Press Release

Bain Capital, Thomas H. Lee Co., acquired Clear Channel Communications, Inc.

synopsis: Clear Channel Communications, Inc., a global leader in the radio broadcasting and out-of-home advertising industries, announced that, based on a preliminary vote count, Clear Channel shareholders approved the adoption of the merger agreement with a group led by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P.
buyer: Bain Capital
buyer: Thomas H. Lee Co.
Founded in 1984, Bain Capital's primary aim is to acquire or invest in companies that have excellent potential for equity appreciation. Bain Capital's approach is to develop partnerships with exceptional management teams.
target: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price($mm)[EV]
$17,924 [$23,724]
rev ($mm)
$6,876
EBITDA ($mm)
$2,296
EV / rev
3.5x
EV / EBITDA
10.3x
announced 10/19/2006 via PR Newswire

3 Daughters Media, Inc, will purchase radio stations WVGM Lynchburg and WGMN Roanoke from Clear Channel Communications, Inc.

synopsis: 3 Daughters Media, Inc., based in Forest, Virginia has announced the acquisition of radio stations WVGM Lynchburg and WGMN Roanoke, known locally as "ESPN The Game" from Clear Channel Communications of San Antonio, TX.
buyer: 3 Daughters Media, Inc
3 Daughters Media, Inc., based in Forest, Virginia owns and operates WMNA AM (730) Gretna, Virginia, WBLT in Bedford and WMNA FM of Gretna/Danville.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target
announced 3/25/2008 via Radio Online

Great Plains Media, will purchase 4-station radio group in Cookeville, TN from Clear Channel Communications, Inc.

synopsis: Clear Channel Radio continues to divest its small market clusters and has agreed to sell its 4-station group in Cookeville, TN, to Great Plains Media Inc. for an undisclosed amount. Included in the deal are Classic Country WHUB-AM (1400), CHR WGIC-FM (98.5), Country WGSQ-FM (94.7) and News/Talk WPTN-AM (780).
buyer: Great Plains Media
Great Plains Media is a Cape Girardeau, MO-based company headed by Jerome R. Zimmer. The company also owns owns three stations in Bloomington, IL; two outlets in Topeka, KS; and KLWN-AM/Lawrence, KS.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
$7.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/25/2008 via Radio Online

Great Plains Media, will purchase 4-station radio group in Cookeville, TN from Clear Channel Communications, Inc.

synopsis: Clear Channel Radio continues to divest its small market clusters and has agreed to sell its 4-station group in Cookeville, TN, to Great Plains Media Inc. for an undisclosed amount. Included in the deal are Classic Country WHUB-AM (1400), CHR WGIC-FM (98.5), Country WGSQ-FM (94.7) and News/Talk WPTN-AM (780).
buyer: Great Plains Media
Great Plains Media is a Cape Girardeau, MO-based company headed by Jerome R. Zimmer. The company also owns owns three stations in Bloomington, IL; two outlets in Topeka, KS; and KLWN-AM/Lawrence, KS.
seller: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in "gone from home" entertainment and information services for local communities and premiere opportunities for advertisers. The company's businesses include radio, television and outdoor displays.
price ($mm)
$7.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/16/2013 via PR Newswire

Jim Pattison Broadcast Group, acquired QX 104 FM

synopsis: The Jim Pattison Broadcast Group Limited Partnership (Pattison) announced its acquisition of an FM radio station from Astral Media Inc. The station is called QX 104 (CFQX-FM), providing country music to Winnipeg, CA.
buyer parent:Jim Pattison Group
buyer: Jim Pattison Broadcast Group
The Jim Pattison Broadcast Group, with its headquarters in Kamloops, B.C. is the industry's largest private, western-based broadcast group, currently operating 30 FM radio stations, as well as three conventional television stations, in British Columbia and Alberta.
target parent: Astral Media Inc.
target: QX 104 FM
CFQX-FM is a country music radio station in Winnipeg, Manitoba. The station currently operates out of studios in downtown Winnipeg, at 177 Lombard Avenue. It broadcasts at 104.1 on the FM dial.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/9/2013 via BNC Analysis

Community Broadcast Group, purchased 7 Radio Stations from Backyard Broadcasting

synopsis: Community Broadcasters acquired seven radio stations in the Elmira–Corning and Olean markets in NY. In the Elmira–Corning market, the stations include WNKI-FM, WNGZ-FM, WPGI-FM, WWLZ-AM, and WRCE-AM. In the Olean market, the stations include WPIG-FM and WHDL-AM.
buyer: Community Broadcast Group
Community Broadcast Group Inc. offers broadcasting services. The company is based in Watertown, NY.
seller: Backyard Broadcasting
The stations in the Elmira–Corning market include WNKI-FM (hit music format), WNGZ-FM (classic rock), WPGI-FM (country-100.9 Big Pig), WWLZ-AM (news/talk/sports), and WRCE-AM (simulcast of WNGZ). The stations in the Olean market include WPIG-FM (country) and WHDL-AM (oldies).
price ($mm)
$3.60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/12/2013 via BNC Analysis

Mid-West Family Broadcasting, purchased Eau Claire and Rockford Broadcast Assets from Maverick Media, LLC

synopsis: Mid-West Family Broadcasting is acquiring the broadcast assets of Maverick Media LLC in the Eau Claire and Rockford, IL markets. This acquisition adds 10 stations to Mid-West Family Broadcasting.
buyer: Mid-West Family Broadcasting
Mid-West Family Broadcasting operates radio stations in 5 markets in WI, IL and MO, all locally owned by shareholder employees. Each market is a separate company, enabling each to best serve its individual communities through local decision making.
seller: Maverick Media, LLC
Maverick Media's Eau Claire and Rockford broadcast assets include: WAYY-AM; WEAQ-AM; WECL-FM; WIAL-FM; WDRK-FM; WAXX-FM; WNTA-AM/FM; WRTB-FM; WGFB-FM; and WXRX-FM/D-D2.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/11/2013 via Market Wire

Fisher Communications, Inc. will be merged with Sinclair Broadcast Group,

synopsis: Sinclair Broadcast Group, Inc. and Fisher Communications, Inc. announced that they have entered into a definitive merger agreement whereby Sinclair will acquire Fisher in a merger transaction for approximately $373.3 mil. Fisher owns 20 television stations in 8 markets, reaching 3.9% of U.S. TV households, & 3 radio stations in the Seattle market.
buyer: Sinclair Broadcast Group(SBGI:$1,061.68)
Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies, owns and operates, programs or provides sales services to 65 television stations in 39 markets.
target: Fisher Communications, Inc.(FSCI:$168.20)
Fisher Communications, Inc. is a Seattle-based communications company that owns & operates 13 full power television stations, 7 low power television stations, 3 owned radio stations, one managed radio station in the Western U.S., the Fisher Interactive Network, its online division & Fisher Pathways.
price($mm)[EV]
$369 [$350]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/8/2013 via BNC Analysis

Sonoma Media Group, will purchase 5 Radio Stations from Maverick Media, LLC

synopsis: Sonoma Media Group, a local group of investors led by Lawrence Amaturo, announced a deal to buy five Sonoma County radio stations, including news/talk radio station KSRO. The deal includes four FM radio stations: 97.7 The River, Hot 101.7, Froggy 92.9 and Mix 104.9.
buyer: Sonoma Media Group
Sonoma Media Group is a group of investors led by Lawrence Amaturo.
seller: Maverick Media, LLC
The Sonoma County radio stations include news/talk radio station KSRO, 97.7 The River, Hot 101.7, Froggy 92.9 and Mix 104.9.
price ($mm)
$4.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/7/2013 via BNC Analysis

Oceania Capital Partners, acquired Sunshine Coast Broadcasters

synopsis: Oceania Capital Partners has acquired all of the issued capital of Sunshine Coast Broadcasters via subsidiary EON Broadcasting. Sunshine Coast Broadcasters owns and operates FM radio stations SEA FM and MIX FM.
buyer: Oceania Capital Partners
Oceania Capital Partners Limited is an investment company that provides its shareholders with investment exposure to, and returns from, investments in operating businesses.
target parent: Southern Cross Austereo
target: Sunshine Coast Broadcasters
Sunshine Coast Broadcasters is the holder of two commercial FM radio licences on the Queensland Sunshine Coast (Sea FM and Mix FM) in Australia.
price ($mm)
$18
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/27/2013 via Company Press Release

Bauer Media Group, acquired D.EXPRES, a.s.

synopsis: The Bauer Media Group has announced the expansion of its international radio portfolio, with the acquisition of Rádio Expres in Slovakia from Emmis Communications Corporation. With a reach of more than 1.5 million listeners per week, Rádio Expres has a market share of 20% since 2005 and is the undisputed market leader.
buyer: Bauer Media Group
Bauer Media Group publishes, sells, and markets magazines, periodicals, and various special publications focusing on magazines, radio/TV, and online media business segments in Germany and internationally.
target parent: Emmis Communications Corporation
target: D.EXPRES, a.s.
D.EXPRES, a.s. owns and operates Radio Expres. Radio Expres is the top-rated private commercial radio station in Slovakia, featuring a format of popular music, news, and entertainment. It broadcasts from Bratislava, the capital, and is heard throughout the country.
price ($mm)
$21*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/13/2013 via PR Newswire

Connoisseur Media, will purchase Southern Connecticut radio stations from Cox Media Group, Inc.

synopsis: Cox Media Group has reached a definitive agreement to sell its Southern Connecticut radio stations – WPLR-FM, WEZN-FM, WFOX-FM, and contract rights for WYBC-FM – to Westport, CT. based Connoisseur Media.
buyer: Connoisseur Media
Connoisseur Media is a Westport-based company that owns and operates radio stations in Bloomington, Ill., Huntington, W.V., Billings, Mont., Wichita, Kan., Erie, Pa., Omaha, Neb., Rapid City, S.D., and Bismarck, N.D.
seller parent: Cox Enterprises Inc.
seller: Cox Media Group, Inc.
The Southern Connecticut radio stations from Cox Media Group includes – WPLR-FM, WEZN-FM, WFOX-FM, and contract rights for WYBC-FM.
price ($mm)
$40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/13/2013 via PR Newswire

SummitMedia, purchased Radio Stations in 5 Markets from Cox Media Group, Inc.

synopsis: SummitMedia, LLC has closed on its acquisition of 27 radio stations and 1 local marketing agreement from Cox Media Group. The stations are in Birmingham, AL; Greenville, SC; Honolulu, HI; Louisville, KY.; and Richmond, VA.
buyer: SummitMedia
Summit Media is a group led by former Heftel Broadcasting executive Carl Parmer and 16-year Cox Birmingham market manager David DuBose.
seller parent: Cox Enterprises Inc.
seller: Cox Media Group, Inc.
The Cox Media Group radio stations are located in Birmingham, AL; Greenville, SC; Honolulu, HI; Louisville, KY.; and Richmond, VA. Birmingham stations included in the sale include WBHK (98.7 Kiss FM), WBHJ (95.7 Jamz), WZZK 104.7 FM, WAGG-AM, WENN-AM and WBPT-FM.
price ($mm)
$66
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/9/2013 via PR Newswire

Discovery Communications, purchased SBS Nordic Operations from ProSiebenSat.1

synopsis: Discovery Communications announced that it has completed the acquisition of the SBS Nordic operations of ProSiebenSat.1 Group. The acquisition adds 12 television networks, as well as leading radio stations and several digital brands, to Discovery's existing portfolio of eight brands in Norway, Sweden, Denmark and Finland.
buyer: Discovery Communications(DISCA:$4,487.00)
Discovery Communications is the world's number 1 nonfiction media company reaching more than 1.8 billion cumulative subscribers in 209 countries and territories. Discovery is dedicated to satisfying curiosity through 149 worldwide television networks.
seller: ProSiebenSat.1
The SBS Nordic Operations of ProSiebenSat.1 includes 12 television networks in Norway, Sweden, Denmark and Finland. SBS Nordic also owns 19 radio stations, including the #1 radio portfolio in Sweden, as well as several digital brands.
price ($mm)
$1,700
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/14/2012 via PR Newswire

Newcap Radio, will acquire 103.5 The Eagle

synopsis: Newcap Radio has received approval from the Canadian Radio-television and Telecommunications Commission for the purchase of 70.1% of the shares of 103.5 The Eagle radio in Sydney, Nova Scotia. 103.5 The Eagle plays country music.
buyer parent:Newfoundland Capital Corp. Ltd.
buyer: Newcap Radio
Newcap Radio is one of Canada's leading radio broadcasters with 86 licences across Canada. The company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.
target: 103.5 The Eagle
CKCH-FM is a Canadian radio station broadcasting from Sydney, Nova Scotia on the FM dial at 103.5 MHz, identified on-air as 103.5 The Eagle. The station plays country music.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/23/2012 via PR Newswire

Salem Communications Corporation, will acquire 98.9 Jack FM

synopsis: Radio One, Inc. announced it has signed a definitive agreement to sell the assets of one of its Columbus, Ohio radio stations, WJKR-FM (98.9 Jack FM), to Salem Media of Ohio, Inc., a subsidiary of Salem Communications.
buyer: Salem Communications Corporation(SALM:$218.17)
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage.
target parent: Radio One, Inc.
target: 98.9 Jack FM
98.9 Jack FM is a radio station in Columbus, Ohio.
price ($mm)
$4.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/1/2012 via Company Press Release

My Broadcasting Corporation, will acquire CD 98.9 Inc

synopsis: My Broadcasting Corporation announced that the company has entered into a purchase agreement to acquire CD 98.9 FM. CD 98.9 FM offers updates on weather, events, and activities.
buyer: My Broadcasting Corporation
My Broadcasting Corporation (MBC), Ontario's Local Broadcast Company, operates radio stations in 12 markets across Ontario. Markets include Renfrew, Pembroke, Arnprior, Gananoque, Greater Napanee, Brighton, St. Thomas, Strathroy, Exeter, Goderich, Kincardine and Port Elgin.
target: CD 98.9 Inc
CD 98.9 is a Canadian radio station, broadcasting at 98.9 FM in Simcoe, Ontario, Canada. The station airs an Adult Contemporary format.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/18/2012 via BNC Analysis

Midwest Communications, Inc., will acquire Ingstad Radio Washington LLC

synopsis: Radio Fargo-Moorhead owner and president Jim Ingstad said he has entered into an agreement to sell the six radio stations to Midwest Communications, based in Wausau, Wis. The sale includes KFGO-AM, KVOX-AM, KBVB-FM, WDAY-FM, KRWK-FM and KMJO-FM.
buyer: Midwest Communications, Inc.
Midwest Communications consists of Midwest Communications, Inc. and WRIG, Inc., which collectively own forty-seven (47) radio stations.
target: Ingstad Radio Washington LLC
Ingstad runs Radio Fargo Moorhead, a group of six stations covering Fargo and nearby Moorhead, Minn. The stations include KFGO-AM, KVOX-AM, KBVB-FM, WDAY-FM, KRWK-FM and KMJO-FM.
price ($mm)
$25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/2/2012 via BNC Analysis

Illyria Pty Ltd, acquired DMG Radio Australia

synopsis: Lachlan Murdoch's investment vehicle Illyria has acquired the remaining 50 percent of DMG Radio Australia it did not already own. DMG Radio Australia operates commercial radio networks in metropolitan and regional areas of Australia. DMG’s digital radio stations include the dance station Novanation and the chillout music station Koffee.
buyer: Illyria Pty Ltd
Illyria Pty Ltd. is owned by Lachlan Murdoch. He also owns 9 per cent of Ten Network Holdings and is a director at News Corporation, owner of News Limited, the publisher of The Australian. Mr. Murdoch set up Illyria in 2005 shortly after standing down from executive duties at News Corporation.
target parent: Daily Mail and General Trust plc
target: DMG Radio Australia
DMG Radio Australia operates commercial radio networks in metropolitan and regional areas of Australia. DMG’s digital radio stations include the dance station Novanation and the chillout music station Koffee.
price ($mm)
$104*
rev ($mm)
$126
EBITDA ($mm)
EV / rev
1.7x
EV / EBITDA
announced 8/30/2012 via BNC Analysis

Crawford Broadcasting Company, will purchase AM 970 from Western New York Public Broadcasting Association

synopsis: The Denver-based broadcasting company, Crawford Broadcasting Company which owns WDCX-FM in Buffalo has agreed to buy WNED-AM from the Western New York Public Broadcasting Association for $875,000.
buyer: Crawford Broadcasting Company
Crawford Broadcasting Company is the industry leader in reaching radio's most loyal and responsive audience, providing the very best in Christian and secular programming with cutting-edge radio station facilities.
seller: Western New York Public Broadcasting Association
Western New York Public Broadcasting Association (WNYPBA) is a public broadcasting organization. The organization owns and operates television, music, and news stations and offers programming services to Southern Ontario and Western New York.
price ($mm)
$0.88
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/23/2012 via BNC Analysis

Grupo Radio Centro, purchased KXOS-FM from Emmis Communications Corporation

synopsis: 93.9 Holdings, Inc, a newly formed subsidiary of Grupo Radio Centro, has acquired 93.9 KXOS-FM, a spanish radio station serving the Los Angeles, CA area, from Emmis Communications Corporation.
buyer: Grupo Radio Centro
Grupo Radio Centro owns and operates 15 radio stations. Of these 15 radio stations, 12 stations are located in Mexico City, two stations are located in Guadalajara and Monterrey, and one station is located in Los Angeles.
seller: Emmis Communications Corporation(EMMS:$236.01)
Emmis Communications Corporation, a diversified media company, engages in radio broadcasting and magazine publishing operations primarily in the United States. It also owns and operates national radio networks in Slovakia and Bulgaria.
price ($mm)
$86
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/13/2012 via BusinessWire

Clear Channel Communications, Inc., will acquire WOR 710

synopsis: Clear Channel Media and Entertainment and Buckley Radio announced that Clear Channel is purchasing AM radio station WOR 710 from Buckley Broadcasting Corporation, pending FCC approval. Founded in 1922, WOR 710 AM is New York’s oldest radio station and one of the country’s most iconic radio brands.
buyer parent:CC Media Holdings, Inc.
buyer: Clear Channel Communications, Inc.(:$5,865.69)
Clear Channel Communications is a global media and entertainment company specializing in providing mobile and on-demand entertainment and information services for local communities and premier opportunities for advertisers - through outdoor, radio and digital platforms.
target parent: Buckley Radio
target: WOR 710
Founded in 1922, WOR 710 HD is New York's oldest, privately-owned and continuously-operated radio station. WOR provides a well-rounded schedule of informational and lifestyle programming, featuring personalities such as John Gambling, Joe Bartlett, Joan Hamburg, Mike Gallagher, and Dave Ramsey.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/9/2012 via BNC Analysis

Radio One, Inc., purchased WZZQ, W282AX, & WNOW-FM from Gaffney Broadcasting, Inc.

synopsis: Radio-One, via a wholly owned subsidiary entitled Charlotte Broadcasting, has acquired 1500 WZZQ, 104.3 W282AX, and 105.3 WNOW-FM Gaffney SC/Charlotte from Gaffney Broadcasting. As part of the $7.75 Million purchase, Radio-One will attempt to spinoff 1500 WZZQ and its 104.3 translator in Gaffney to a third party.
buyer: Radio One, Inc.(ROIAK:$364.61)
Radio One, Inc. is the largest radio broadcasting company that targets African-American and urban listeners. Radio One owns 53 broadcast stations located in 16 urban markets in the United States.
seller parent: Davidson Media Group
seller: Gaffney Broadcasting, Inc.
Gaffney Broadcasting, Inc. owns and operates a radio station WAGI-FM (105.3) which broadcasts national news. The company is based in Gaffney, South Carolina. Gaffney Broadcasting, Inc. operates as a subsidiary of Davidson Media Group, LLC.
price ($mm)
$7.75
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target

Like 4-station radio group in Cookeville, TN


Clear Channel Communications, Inc.

QX 104 FM

Backyard Broadcasting

Maverick Media, LLC

Fisher Communications, Inc.

Maverick Media, LLC

Sunshine Coast Broadcasters

D.EXPRES, a.s.

Cox Media Group, Inc.

Cox Media Group, Inc.

ProSiebenSat.1

103.5 The Eagle

98.9 Jack FM

CD 98.9 Inc

Ingstad Radio Washington LLC

DMG Radio Australia

Western New York Public Broadcasting Association

Emmis Communications Corporation

WOR 710

Gaffney Broadcasting, Inc.

WOR 710

Metro Traffic

Thumbplay, Inc.

Branded Cities

Clear Channel Communications, Inc.

CBS Radio, Inc.

Clear Channel Communications, Inc.

Clear Channel Communications, Inc.

Clear Channel Communications, Inc.

Clear Channel Communications, Inc.

Clear Channel Communications, Inc.

Clear Channel Communications, Inc.

Clear Channel Communications, Inc.

Clear Channel Communications, Inc.

Clear Channel Communications, Inc.

QX 104 FM

Backyard Broadcasting

Maverick Media, LLC

Fisher Communications, Inc.

Maverick Media, LLC

Sunshine Coast Broadcasters

D.EXPRES, a.s.

Cox Media Group, Inc.

Cox Media Group, Inc.

ProSiebenSat.1

103.5 The Eagle

98.9 Jack FM

CD 98.9 Inc

Ingstad Radio Washington LLC

DMG Radio Australia

Western New York Public Broadcasting Association

Emmis Communications Corporation

WOR 710

Gaffney Broadcasting, Inc.

Geography
Matching Companies
Ticker: CMLS
 
 
 
 
 
 
 
 
Cumulus Media Inc.
Cumulus Media Inc.
Cumulus Media is the largest pure-play radio broadcaster in the US with approximately 525 stations in 110 markets, a fully-distributed programming network serving more than 4,500 affiliates nationwide and SweetJack, the local deals platform.
year
2011
rev ($mm)
$549.54
EBITDA ($mm)
$122.34
EBIT ($mm)
$70.34
Net Income ($mm)
Employees
4261
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  • watch
Ticker: ETM
 
 
 
 
 
 
 
 
Entercom Communications Corporation
Entercom Communications Corporation
Entercom Communications Corp. is one of the five largest radio broadcasting companies in the United States, with a nationwide portfolio of 110 stations in 23 markets, including San Francisco, Boston, Seattle, Denver, Portland, Sacramento and Kansas City.
year
2009
rev ($mm)
$372.43
EBITDA ($mm)
$94.22
EBIT ($mm)
$78.92
Net Income ($mm)
$5.40
Employees
1560
  • drill down
  • watch
Ticker: EMMS
 
 
 
 
 
 
 
 
Emmis Communications Corporation
Emmis Communications Corporation
Emmis Communications Corporation, a diversified media company, engages in radio broadcasting and magazine publishing operations primarily in the United States. It also owns and operates national radio networks in Slovakia and Bulgaria.
year
2012
rev ($mm)
$236.01
EBITDA ($mm)
$22.61
EBIT ($mm)
$14.96
Net Income ($mm)
$26.19
Employees
810
  • drill down
  • watch
Ticker: FSCI
 
 
 
 
 
 
 
 
Fisher Communications, Inc.
Fisher Communications, Inc.
Fisher Communications, Inc. is a Seattle-based communications company that owns & operates 13 full power television stations, 7 low power television stations, 3 owned radio stations, one managed radio station in the Western U.S., the Fisher Interactive Network, its online division & Fisher Pathways.
year
2012
rev ($mm)
$168.20
EBITDA ($mm)
$32.55
EBIT ($mm)
$22.72
Net Income ($mm)
$13.19
Employees
  • drill down
  • watch
Ticker: NFCAF
 
 
 
 
 
 
 
 
Newfoundland Capital Corp. Ltd.
Newfoundland Capital Corp. Ltd.
Newfoundland Capital Corporation Limited is one of Canada’s leading radio broadcasters with 81 licences across Canada. The company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.
year
2011
rev ($mm)
$126.61
EBITDA ($mm)
$35.33
EBIT ($mm)
$31.31
Net Income ($mm)
$26.11
Employees
800
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  • watch
Ticker: BBGI
 
 
 
 
 
 
 
 
Beasley Broadcast Group, Inc.
Beasley Broadcast Group, Inc.
Beasley Broadcast Group, Inc. is a radio broadcasting company that owns or operates 42 stations (26 FM and 16 AM) located in ten large- and mid-size markets in the United States.
year
2009
rev ($mm)
$96.75
EBITDA ($mm)
$19.12
EBIT ($mm)
$16.22
Net Income ($mm)
$3.45
Employees
417
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
NRG Media, LLC
NRG Media is dedicated to providing Great Local Radio and is committed to being an active and integral part of the communities in which it serves. NRG Media consists of 83 radio stations throughout 7 states in the Midwest and the Waitt Radio Network.
year
2007
rev ($mm)
$54.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker: US:DBTB
 
 
 
 
 
 
 
 
Debut Broadcasting Corporation, Inc.
Debut Broadcasting Corporation's nine-year old radio syndication company, Impact Radio Networks distributes programming and services to over 1,100 radio station affiliates in the United States and Canada, reaching over 40 million listeners nationwide each week.
year
2009
rev ($mm)
$2.07
EBITDA ($mm)
($0.01)
EBIT ($mm)
($0.18)
Net Income ($mm)
Employees
20
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  • watch
Ticker:
 
 
 
 
 
 
 
 
Red Zebra Broadcasting LLC
Red Zebra Broadcasting LLC
Red Zebra Broadcasting LLC owns and operates radio stations in Washington and Virginia.
year
2009
rev ($mm)
$1.80
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
35
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Ticker:
 
 
 
 
 
 
 
 
Tallgrass Broadcasting, LLC
Tallgrass Broadcasting, LLC owns and operates radio broadcasting stations. The company is based in Hoffman Estates, Illinois.
year
2009
rev ($mm)
$1.50
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
18
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Ticker:
 
 
 
 
 
 
 
 
103.5 The Eagle
103.5 The Eagle
CKCH-FM is a Canadian radio station broadcasting from Sydney, Nova Scotia on the FM dial at 103.5 MHz, identified on-air as 103.5 The Eagle. The station plays country music.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
3 Daughters Media, Inc
3 Daughters Media, Inc., based in Forest, Virginia owns and operates WMNA AM (730) Gretna, Virginia, WBLT in Bedford and WMNA FM of Gretna/Danville.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
AAA Entertainment Radio Group
AAA Entertainment Radio Group operates radio stations in Illinois.
year
2009
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
13
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Ticker:
 
 
 
 
 
 
 
 
Alton Rainbow Corporation
Alton Rainbow Corporation operates radio stations in Florida.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
Anastos Media Group, Inc.
Anastos Media Group, Inc.
Anastos Media Group owns and operates radio stations in the New York area.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker: CMLS
 
 
 
 
 
 
 
 
Cumulus Media Inc.
Cumulus Media Inc.
Cumulus Media is the largest pure-play radio broadcaster in the US with approximately 525 stations in 110 markets, a fully-distributed programming network serving more than 4,500 affiliates nationwide and SweetJack, the local deals platform.
year
2011
rev ($mm)
$549.54
EBITDA ($mm)
$122.34
EBIT ($mm)
$70.34
Net Income ($mm)
Employees
4261
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Ticker: ETM
 
 
 
 
 
 
 
 
Entercom Communications Corporation
Entercom Communications Corporation
Entercom Communications Corp. is one of the five largest radio broadcasting companies in the United States, with a nationwide portfolio of 110 stations in 23 markets, including San Francisco, Boston, Seattle, Denver, Portland, Sacramento and Kansas City.
year
2009
rev ($mm)
$372.43
EBITDA ($mm)
$94.22
EBIT ($mm)
$78.92
Net Income ($mm)
$5.40
Employees
1560
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Ticker: EMMS
 
 
 
 
 
 
 
 
Emmis Communications Corporation
Emmis Communications Corporation
Emmis Communications Corporation, a diversified media company, engages in radio broadcasting and magazine publishing operations primarily in the United States. It also owns and operates national radio networks in Slovakia and Bulgaria.
year
2012
rev ($mm)
$236.01
EBITDA ($mm)
$22.61
EBIT ($mm)
$14.96
Net Income ($mm)
$26.19
Employees
810
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Ticker: FSCI
 
 
 
 
 
 
 
 
Fisher Communications, Inc.
Fisher Communications, Inc.
Fisher Communications, Inc. is a Seattle-based communications company that owns & operates 13 full power television stations, 7 low power television stations, 3 owned radio stations, one managed radio station in the Western U.S., the Fisher Interactive Network, its online division & Fisher Pathways.
year
2012
rev ($mm)
$168.20
EBITDA ($mm)
$32.55
EBIT ($mm)
$22.72
Net Income ($mm)
$13.19
Employees
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Ticker: NFCAF
 
 
 
 
 
 
 
 
Newfoundland Capital Corp. Ltd.
Newfoundland Capital Corp. Ltd.
Newfoundland Capital Corporation Limited is one of Canada’s leading radio broadcasters with 81 licences across Canada. The company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.
year
2011
rev ($mm)
$126.61
EBITDA ($mm)
$35.33
EBIT ($mm)
$31.31
Net Income ($mm)
$26.11
Employees
800
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Ticker: BBGI
 
 
 
 
 
 
 
 
Beasley Broadcast Group, Inc.
Beasley Broadcast Group, Inc.
Beasley Broadcast Group, Inc. is a radio broadcasting company that owns or operates 42 stations (26 FM and 16 AM) located in ten large- and mid-size markets in the United States.
year
2009
rev ($mm)
$96.75
EBITDA ($mm)
$19.12
EBIT ($mm)
$16.22
Net Income ($mm)
$3.45
Employees
417
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Ticker:
 
 
 
 
 
 
 
 
NRG Media, LLC
NRG Media is dedicated to providing Great Local Radio and is committed to being an active and integral part of the communities in which it serves. NRG Media consists of 83 radio stations throughout 7 states in the Midwest and the Waitt Radio Network.
year
2007
rev ($mm)
$54.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker: US:DBTB
 
 
 
 
 
 
 
 
Debut Broadcasting Corporation, Inc.
Debut Broadcasting Corporation's nine-year old radio syndication company, Impact Radio Networks distributes programming and services to over 1,100 radio station affiliates in the United States and Canada, reaching over 40 million listeners nationwide each week.
year
2009
rev ($mm)
$2.07
EBITDA ($mm)
($0.01)
EBIT ($mm)
($0.18)
Net Income ($mm)
Employees
20
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Red Zebra Broadcasting LLC
Red Zebra Broadcasting LLC
Red Zebra Broadcasting LLC owns and operates radio stations in Washington and Virginia.
year
2009
rev ($mm)
$1.80
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
35
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Tallgrass Broadcasting, LLC
Tallgrass Broadcasting, LLC owns and operates radio broadcasting stations. The company is based in Hoffman Estates, Illinois.
year
2009
rev ($mm)
$1.50
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
18
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
103.5 The Eagle
103.5 The Eagle
CKCH-FM is a Canadian radio station broadcasting from Sydney, Nova Scotia on the FM dial at 103.5 MHz, identified on-air as 103.5 The Eagle. The station plays country music.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
3 Daughters Media, Inc
3 Daughters Media, Inc., based in Forest, Virginia owns and operates WMNA AM (730) Gretna, Virginia, WBLT in Bedford and WMNA FM of Gretna/Danville.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
AAA Entertainment Radio Group
AAA Entertainment Radio Group operates radio stations in Illinois.
year
2009
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
13
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Alton Rainbow Corporation
Alton Rainbow Corporation operates radio stations in Florida.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Anastos Media Group, Inc.
Anastos Media Group, Inc.
Anastos Media Group owns and operates radio stations in the New York area.
year
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
  • watch

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