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Good Karma Broadcasting LLC, purchased WRRD (540 AM) from Salem Communications Corporation

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Like WRRD (540 AM)

closed 1/23/2008 via BNC Analysis

Good Karma Broadcasting LLC, purchased WRRD (540 AM) from Salem Communications Corporation

synopsis: Good Karma announced that it purchased WRRD-AM (540) from Salem Communications Corp., Camarillo, Calif., for an undisclosed amount.
buyer: Good Karma Broadcasting LLC
Good Karma Broadcasting is a company based in Beaver Dam that owns six radio stations in Wisconsin.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$3.61
rev ($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
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)
$2.43*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/8/2012 via PR Newswire

Mt. Olive Baptist Church, will acquire Power 105.5

synopsis: Light Media, Inspirational Media Specialist, announced that it has signed a definitive agreement to divest the assets of its Power 105.5/The King radio station to Mt. Olive Baptist Church. Power 105.5 The King is located in Albany, GA, with its music format being an eclectic mix of Holy Hip Hop and Contemporary Gospel music.
buyer: Mt. Olive Baptist Church
Mt. Olive Baptist Church is a Church.
target parent: Light Media
target: Power 105.5
Power 105.5 The King is located in Albany, GA, with its music format being an eclectic mix of Holy Hip Hop and Contemporary Gospel music. It is the world's first terrestrial (24/7) radio station formatted in this manner.
price ($mm)
$0.25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/16/2012 via GlobeNewswire

Cumulus Media Inc., will acquire WFME-FM

synopsis: Cumulus Media, the nation's largest pure-play radio broadcaster, announced that it has signed a definitive agreement to purchase WFME-FM -- providing Cumulus a third station in New York City. WFME-FM is a radio station on 94.7 FM licensed to Newark, New Jersey.
buyer: Cumulus Media Inc.(CMLS:$1,082.09)
Cumulus Media is the largest pure-play radio broadcaster in the US with approximately 525 stations in 110 markets, a fully-distributed programming network serving more than 4,500 affiliates nationwide and SweetJack, the local deals platform.
target parent: Family Radio
target: WFME-FM
WFME-FM is religious a radio station on 94.7 FM licensed to Newark, New Jersey. The studio, office and transmitter are located in West Orange, New Jersey and is shared with sister station WFME-TV (channel 66).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2012 via BNC Analysis

Salem Communications Corporation, acquired WMUU Radio

synopsis: Caron Broadcasting Inc., a subsidiary of Salem Communications Corporation, acquires WMUU-FM. WMUU is a Christian radio station in Greenville-Spartanburg, SC.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage.
target: WMUU Radio
WMUU, INC., doing business as WMUU AM & FM Radio Station, provides radio broadcasting services. WMUU is a Christian station. The primary mission is to have a Spiritual impact on the communities they serve.
price ($mm)
$3.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/14/2012 via Yahoo, Inc.

Classical South Florida, purchased WAYJ 88.7FM Fort Myers from WAY-FM Media Group, Inc

synopsis: WAY Media, Inc. announced that Classical South Florida (CSF), a nonprofit listener-supported public radio organization dedicated to broadcasting classical music, has agreed to acquire the assets of WAYJ 88.7FM in Fort Myers, Florida.
buyer: Classical South Florida
Classical South Florida is a nonprofit public radio organization dedicated to broadcasting classical music. Its program schedule includes broadcasts of nationally renowned classical programs such as Performance Today®, SymphonyCast®, Pipedreams® and Saint Paul Sunday®.
seller: WAY-FM Media Group, Inc
WAY-FM Media Group owns and operates Christian radio stations throughout the US. WAY-FM exists to encourage youth and young adults in their Christian lives and to introduce non-believers to Christ.
price ($mm)
$4.35
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/9/2011 via Market Wire

Light Media, acquired Power 105.5

synopsis: Light Media, Inspirational Media Specialist, has officially joined the ranks of publicly-traded broadcasting companies via closing of its acquisition of Power 105.5 FM. Power105.5 The King is located in Albany, GA, with its music format being an eclectic mix of Holy Hip Hop and Contemporary Gospel music.
buyer: Light Media(LGMH:$0.00)
Light Media, Inspirational Media Specialist, via its integrated portfolio platform partners targets the youth, young adult and adult/family demographic for inspirational media and entertainment that uplifts the community 24/7.
target: Power 105.5
Power 105.5 The King is located in Albany, GA, with its music format being an eclectic mix of Holy Hip Hop and Contemporary Gospel music. It is the world's first terrestrial (24/7) radio station formatted in this manner.
price ($mm)
$0.25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/26/2011 via BNC Analysis

Christian Resource Centre, will acquire Woay-AM radio

synopsis: The Christian Resource Center will acquire WOAY-AM radio. AM 860 WOAY provides radio with the intent of teaching people ways to grow in their relationship with God and other believers, and to encourage them in their journey through this world.
buyer: Christian Resource Centre
The Christian Resource Center is a central location for pastors and their churches in Southern West Virginia to turn to for information and resource materials. From the beginning, the primary goal has been to aid in spiritual growth and the furtherance of personal and church ministries.
target: WOAY-AM Radio
AM 860 WOAY provides radio with the intent of teaching people ways to grow in their relationship with God and other believers, and to encourage them in their journey through this world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/13/2008 via BusinessWire

WAY-FM Media Group, Inc, will purchase WRVI (105.9FM) from Salem Communications Corporation

synopsis: Salem Communications Corporation a leading U.S. radio broadcaster, Internet content provider, magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values, announced it has entered into an agreement to sell WRVI (105.9FM) to the WAY-FM Media Group, Inc. for $3 million.
buyer: WAY-FM Media Group, Inc
WAY-FM Media Group owns and operates Christian radio stations throughout the US. WAY-FM exists to encourage youth and young adults in their Christian lives and to introduce non-believers to Christ.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$3.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/7/2008 via BusinessWire

Radio One, Inc., acquired WPRS-FM

synopsis: Radio One, Inc. has completed the acquisition of the assets of radio station WPRS-FM, located in the Washington, DC market, for approximately $38.0 million in cash. The Company began operating the station under a Local Marketing Agreement during the second quarter of 2007, at which time it changed the station's call letters to WPRS-FM.
buyer: Radio One, Inc.(ROIAK:$364.61)
Radio One, Inc. is one of the nation's largest radio broadcasting companies and the largest radio broadcasting company that primarily targets African-American and urban listeners. Radio One owns and/or operates 53 radio stations located in 16 urban markets in the United States.
target parent: Bonneville International Corporation
target: WPRS-FM
WPRS, known on air as Praise 104.1, is an Urban Gospel radio station in the Washington, D.C., metropolitan area. The station broadcasts from Waldorf, Maryland, at 104.1 MHz.
price ($mm)
$38
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/28/2008 via BNC Analysis

EMF Broadcasting, will purchase WFZH (105.3 FM) from Salem Communications Corporation

synopsis: EMF Broadcasting, Inc., agreed to acquire WFZH (105.3 FM) from Salem Communications Corp. for approximately $8.1 million in cash on January 28, 2008. The consideration includes an escrow deposit of $0.4 million.
buyer: EMF Broadcasting
EMF Broadcasting is the parent company of both the Adult Contemporary Christian formatted K-LOVE Network and the Christian Pop Music Air 1 Radio Networks, which serve audiences 24/7 across the United States through 209 full-powered stations and 208 translators.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$7.70
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/8/2007 via BusinessWire

Salem Communications Corporation, acquired Christian Music Planet

synopsis: Salem Communications Corporation, a leading U.S. radio broadcaster, Internet content provider, magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values, has acquired the Christian Music Planet® brand, including www.ChristianMusicPlanet.com, a leading Christian music web portal.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target parent: EMF Broadcasting
target: Christian Music Planet
Christian Music Planet is the most-read Christian music and entertainment consumer publication. The magazine is also an integral part of the EMF Broadcasting family, which includes the K-LOVE and Air 1 radio networks.
price ($mm)
$0.30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/7/2005 via PR Newswire

Infinity Broadcasting Corporation, purchased 106.9 KIFR-FM from Family Stations, Inc.

synopsis: Infinity Broadcasting has completed its previously announced purchase of 106.9 KIFR-FM (previously known as KEAR-FM) in San Francisco from Family Stations, it was announced today by Joel Hollander, Chairman and Chief Executive Officer of Infinity.
buyer parent:CBS Corporation
buyer: Infinity Broadcasting Corporation
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: Family Stations, Inc.
Family Radio is a non-profit, non-commercial, radio network which broadcasts the music and message of New Life in Jesus Christ. Established in 1958, Family Radio has grown to a worldwide evangelical ministry with almost 40 domestic AM and FM radio stations in metropolitan areas. Many FM translators
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2004 via BusinessWire

Univision Communications Inc., purchased WZFS-FM, KSFB-FM from Salem Communications Corporation

synopsis: Salem Communications Corporation, the leading radio broadcaster focused on religious and family themes programming, announced today a radio station exchange with Univision Communications Inc., the leading Spanish-language media company.
buyer parent:Thomas H. Lee Partners, L.P.
buyer: Univision Communications Inc.
Univision Communications Inc. (“Univision”) is the leading Spanish-language media and entertainment company in the United States.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/17/2007 via BusinessWire

Salem Communications Corporation, acquired CMCentral.com

synopsis: Salem Publishing, a division of Salem Communications Corporation, announced today its acquisition of CMCentral.com. Just six months after its acquisition of ChristianMusicPlanet.com, Salem’s investment in CMCentral.com underscores the company’s growing commitment to offer the premier web and print destinations for Christian music news.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target: CMCentral.com
CMCentral.com is a vibrant Christian music website and online community based in Nashville, TN.
price ($mm)
$0.40
rev ($mm)
$234
EBITDA ($mm)
$59
EV / rev
0.0x
EV / EBITDA
0.0x
closed 5/18/2010 via BNC Analysis

ITV of Buffalo LLC, purchased WNGS-TV from Daystar Television Network

synopsis: Philip Arno and Donald Angelo formed ITV of Buffalo LLC., to buy WNGS-TV from Daystar Television, a Christian broadcast nonprofit based in Bedford, Texas, according to The Buffalo News. They paid a reported $2.75 million for the station on the condition that Daystar power it back up.
buyer: ITV of Buffalo LLC
ITV of Buffalo LLC was formed by two long-time local TV figures, Philip Arno and Donald Angelo, for the purpose of acquiring WNGS-TV.
seller: Daystar Television Network
Daystar Television Network, doing business as Word Of God Fellowship, Inc., operates as a Christian television network. It offers its network through multiple satellites, television stations, and cable systems.
price ($mm)
$2.75
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/25/2012 via BNC Analysis

Midwest Communications, Inc., purchased 7 Stations in Sioux Falls, SD from Backyard Broadcasting

synopsis: Midwest Communications has struck a deal that will take it into the Sioux Falls, SD market. The company is buying a seven-station cluster from Backyard Broadcasting. The Sioux Falls stations include AC Lite 92.5 KELO-FM, KTWB 101.9, Crow Rock 103.7 KRRO, Q-95.7 KSQB-FM, oldies Kool 107.9 KXQL and “Sports Radio 1230” KWSN.
buyer: Midwest Communications, Inc.
Midwest Communications consists of Midwest Communications, Inc. and WRIG, Inc., which collectively own forty-seven (47) radio stations.
seller: Backyard Broadcasting
Backyard Broadcasting is committed to the communities it serves with facilities located in New York, South Dakota, Pennsylvania, Mississippi, Indiana and corporate offices in Jacksonville, Florida.
price ($mm)
$13
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/16/2010 via BNC Analysis

Salem Communications Corporation, purchased WWRC-AM from Red Zebra Broadcasting LLC

synopsis: Red Zebra Broadcasting is passing off one of its Washington DC stations, and Salem Communications is the receiver. The acquisition of WWRC-AM will give the national religious group its third signal in the market.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
seller: Red Zebra Broadcasting LLC
Red Zebra Broadcasting LLC owns and operates radio stations in Washington and Virginia.
price ($mm)
$3.10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2007 via Financial News Online

Veronis Suhler Stevenson, acquired The Chart Show Group

synopsis: Veronis Suhler Stevenson, a US-based buyout firm for the media and information industries, has acquired UK based digital satellite broadcaster The Chart Show Group.
buyer: Veronis Suhler Stevenson
Veronis Suhler Stevenson is a private equity and mezzanine capital fund management company dedicated to investing in the media, communications, information and education industries in North America and Europe.
target: The Chart Show Group
The Chart Show Group is a UK based satellite broadcaster. They operate 10 channels – six music, two movie and two children’s channels.
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
closed 1/13/2014 via Market Watch

Salem Communications Corporation, acquired Eagle Publishing, Inc.

synopsis: Salem Communications announced the acquisition of Eagle Publishing. Eagle Publishing operates four businesses, Regnery Publishing, a publisher of conservative books, Human Events and Red State, which are conservative opinion websites, Eagle Financial publications, which provides investment advice, and Eagle Wellness which provides health advice.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage.
target: Eagle Publishing, Inc.
Eagle Publishing, Inc. operates four businesses, Regnery Publishing, a publisher of conservative books, Human Events and Red State, which are conservative opinion websites, Eagle Financial publications, which provides investment advice, and Eagle Wellness which provides health advice.
price ($mm)
$3.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/11/2013 via Company Press Release

Salem Communications Corporation, acquired Twitchy.com

synopsis: Salem Communications, announced the acquisition of Twitchy.com. Twitchy is a ground-breaking Twitter curation site powered by a kinetic staff of social media junkies. They mine Twitter to bring “who said what” in U.S. politics, global news, sports, entertainment, media, and breaking news 24/7.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage.
target: Twitchy.com
Twitchy is a ground-breaking Twitter curation site powered by a kinetic staff of social media junkies. They mine Twitter to bring “who said what” in U.S. politics, global news, sports, entertainment, media, and breaking news 24/7.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2013 via Market Wire

Salem Web Network, acquired ChristianHeadlines.com

synopsis: Salem Web Network, an Internet content provider and publisher targeting audiences interested in Christian and conservative opinion content, announced the acquisition of ChristianHeadlines.com, a website providing up-to-the-minute national and international news affecting Christian leaders, ministries, organizations, and believers.
buyer parent:Salem Communications Corporation
buyer: Salem Web Network
Salem Web Network is the online division of Salem Communications. Salem Web Network consists of the most well-known brands in the faith marketplace such as Crosswalk.com, CrossCards.com, and GodTube.com.
target: ChristianHeadlines.com
ChristianHeadlines.com is targeted toward providing up-to-the-minute national and international news affecting Christian leaders, ministries, organizations, and believers.
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:$234.79)
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage.
target parent: Radio One, Inc.
target: 98.9 Jack FM
98.9 Jack FM is a radio station in Columbus, Ohio.
price ($mm)
$4.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2012 via BNC Analysis

Salem Communications Corporation, acquired WMUU Radio

synopsis: Caron Broadcasting Inc., a subsidiary of Salem Communications Corporation, acquires WMUU-FM. WMUU is a Christian radio station in Greenville-Spartanburg, SC.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage.
target: WMUU Radio
WMUU, INC., doing business as WMUU AM & FM Radio Station, provides radio broadcasting services. WMUU is a Christian station. The primary mission is to have a Spiritual impact on the communities they serve.
price ($mm)
$3.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/2/2012 via Market Wire

Salem Web Network, acquired Godvine.com

synopsis: Salem Web Network, the online division of Salem Communications Corporation, a leading U.S. radio broadcaster, Internet content provider and publisher targeting audiences interested in Christian and conservative opinion content, announced the acquisition of the fast growing Christian website, Godvine.com.
buyer parent:Salem Communications Corporation
buyer: Salem Web Network
Salem Web Network is the online division of Salem Communications. Salem Web Network consists of the most well-known brands in the faith marketplace such as Crosswalk.com, CrossCards.com, and GodTube.com.
target: Godvine.com
Godvine.com is the leading source for Christian and family-friendly videos, reaching approximately 3.5 million visitors and nearly 30 million page views per month. Embracing social media platforms, Godvine.com is complemented by a significant exposure on Facebook with over 2.8 million Facebook fans.
price ($mm)
$4.20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/28/2012 via Market Wire

Salem Church Products, acquired SermonSpice.com

synopsis: Salem Church Products, a division of Salem Communications Corporation, a leading U.S. radio broadcaster, Internet content provider and publisher targeting audiences interested in Christian and conservative opinion content, announced that it has acquired SermonSpice.com, a leading online provider of church media for local churches and ministries.
buyer parent:Salem Communications Corporation
buyer: Salem Church Products
Salem Church Products seeks to serve pastors, church leaders and congregations through online resources that help make ministry easier and more fruitful. In their network of sites, there are pastoral resources such as SermonSearch.com, their sermon helps site offering outlines and illustrations.
target: SermonSpice.com
SermonSpice.com, the original distribution site for worship videos and sermon illustrations, has relationships with over 2,000 Christian filmmakers, providing thousands of sermon illustrations, worship backgrounds, and church countdowns to churches looking for professionally produced worship media.
price ($mm)
$3.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/29/2011 via Market Wire

Salem Web Network, acquired WorshipHouse Media

synopsis: Salem Web Network, a division of Salem Communications Corporation, announced that it has acquired WorshipHouse Media, a leading website providing media resources for the creative church and WorshipHouse Kids, a worship media resource for children's ministry.
buyer parent:Salem Communications Corporation
buyer: Salem Web Network
Salem Web Network is the number one online destination on the web for Christian content. It consists of 12 national sites, including the most well-known brands in the faith marketplace, such as Crosswalk.com and Christianity.com.
target: WorshipHouse Media
WorshipHouse Media is a leading provider of church media content. WorshipHouse Media offers to users a multitude of worship and small group resources, including movie illustrations, song tracks, worship backgrounds, small group video curriculum and worship software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/16/2010 via BNC Analysis

Salem Communications Corporation, purchased WWRC-AM from Red Zebra Broadcasting LLC

synopsis: Red Zebra Broadcasting is passing off one of its Washington DC stations, and Salem Communications is the receiver. The acquisition of WWRC-AM will give the national religious group its third signal in the market.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
seller: Red Zebra Broadcasting LLC
Red Zebra Broadcasting LLC owns and operates radio stations in Washington and Virginia.
price ($mm)
$3.10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/14/2010 via Company Press Release

Salem Web Network, acquired Big Jump Media, Inc.

synopsis: Salem Web Network, the online division of Salem Communications Corporation, the leading radio broadcaster, Internet content provider and publisher targeting audiences interested in Christian family-themed content, announced that it has acquired Big Jump Media, owners of Christian content & community websites tangle.com and GodTube.com.
buyer parent:Salem Communications Corporation
buyer: Salem Web Network
Salem Web Network owns and operates OnePlace.com, the largest Internet source of audio ministry program streaming, Christianity.com, Crosswalk.com, SermonSearch.com, and TheFish.com, making Salem the number one online destination on the web for Christian content.
target parent: Man Group plc
target: Big Jump Media, Inc.
Big Jump Media, Inc. offers social networking and video sharing tools for the faith-based and family marketplace. Its products include Godtube.com and tangle.com.
price ($mm)
$2.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/21/2010 via Market Wire

Salem Communications Corporation, will acquire WWRC-AM

synopsis: Salem Communications Corporation announced that it will acquire WWRC 1260 AM, a radio station broadcasting on 1260 kHz in the mediumwave AM band. Its studios and transmitters are located in Washington, D.C., and it serves the Washington, D.C. metropolitan area.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target: WWRC-AM
WWRC (1260 AM) is a radio station broadcasting on 1260 kHz in the mediumwave AM band. WWRC serves the Washington, D.C. metropolitan area under the brand, "Money 1260."
price ($mm)
$3.10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/18/2010 via Market Wire

Salem Communications Corporation, acquired Hot Air Network, LLC

synopsis: Salem Communications, a radio broadcaster, Internet content provider and magazine publisher targeting audiences interested in faith, family and conservative values, announced that it has acquired HotAir.com -- the popular right-of-center blog showcasing the news, analysis and commentary of Ed Morrissey and AllahPundit.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target: Hot Air Network, LLC
Began in April 2006 by political commentator Michelle Malkin, HotAir.com has grown into the most popular conservative blog on the web. Bloggers Ed Morrissey and AllahPundit provide round-the-clock breaking news, commentary and insight from a conservative perspective.
price ($mm)
$2.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/13/2008 via BusinessWire

WAY-FM Media Group, Inc, will purchase WRVI (105.9FM) from Salem Communications Corporation

synopsis: Salem Communications Corporation a leading U.S. radio broadcaster, Internet content provider, magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values, announced it has entered into an agreement to sell WRVI (105.9FM) to the WAY-FM Media Group, Inc. for $3 million.
buyer: WAY-FM Media Group, Inc
WAY-FM Media Group owns and operates Christian radio stations throughout the US. WAY-FM exists to encourage youth and young adults in their Christian lives and to introduce non-believers to Christ.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$3.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/25/2008 via BusinessWire

Salem Web Network, acquired Intercristo.com

synopsis: Salem Web Network, a subsidiary of Salem Communications Corporation, announced that it has acquired Intercristo.com. The addition of Intercristo.com will complement Salem’s other job-focused websites, ChristianJobs.com and ChurchStaffing.com, offering Christian job-seekers the broadest selection of opportunities.
buyer parent:Salem Communications Corporation
buyer: Salem Web Network
Salem Web Network owns and operates OnePlace.com, the largest Internet source of audio ministry program streaming, Christianity.com, Crosswalk.com, SermonSearch.com, and TheFish.com, making Salem the number one online destination on the web for Christian content.
target: Intercristo.com
Intercristo.com is one of the nation’s oldest and most respected online Christian employment websites.
price ($mm)
$1.19
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/28/2008 via BNC Analysis

EMF Broadcasting, will purchase WFZH (105.3 FM) from Salem Communications Corporation

synopsis: EMF Broadcasting, Inc., agreed to acquire WFZH (105.3 FM) from Salem Communications Corp. for approximately $8.1 million in cash on January 28, 2008. The consideration includes an escrow deposit of $0.4 million.
buyer: EMF Broadcasting
EMF Broadcasting is the parent company of both the Adult Contemporary Christian formatted K-LOVE Network and the Christian Pop Music Air 1 Radio Networks, which serve audiences 24/7 across the United States through 209 full-powered stations and 208 translators.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$7.70
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2008 via BNC Analysis

Good Karma Broadcasting LLC, purchased WRRD (540 AM) from Salem Communications Corporation

synopsis: Good Karma announced that it purchased WRRD-AM (540) from Salem Communications Corp., Camarillo, Calif., for an undisclosed amount.
buyer: Good Karma Broadcasting LLC
Good Karma Broadcasting is a company based in Beaver Dam that owns six radio stations in Wisconsin.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$3.61
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/11/2008 via

Salem Communications Corporation, acquired WTPS-AM

synopsis: Salem Communications Corporation a leading U.S. radio broadcaster, Internet content provider, magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values, will acquire WTPS-AM in Miami, FL, for approximately $12.25 million. Additionally, Salem began operating the station today.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target parent: Radio One, Inc.
target: WTPS-AM
WTPS is a News/Talk radio station aimed at South Florida's African American community. It is owned by Radio One.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/17/2007 via BusinessWire

Salem Communications Corporation, acquired CMCentral.com

synopsis: Salem Publishing, a division of Salem Communications Corporation, announced today its acquisition of CMCentral.com. Just six months after its acquisition of ChristianMusicPlanet.com, Salem’s investment in CMCentral.com underscores the company’s growing commitment to offer the premier web and print destinations for Christian music news.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target: CMCentral.com
CMCentral.com is a vibrant Christian music website and online community based in Nashville, TN.
price ($mm)
$0.40
rev ($mm)
$234
EBITDA ($mm)
$59
EV / rev
0.0x
EV / EBITDA
0.0x
closed 2/8/2007 via BusinessWire

Salem Communications Corporation, acquired Christian Music Planet

synopsis: Salem Communications Corporation, a leading U.S. radio broadcaster, Internet content provider, magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values, has acquired the Christian Music Planet® brand, including www.ChristianMusicPlanet.com, a leading Christian music web portal.
buyer: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target parent: EMF Broadcasting
target: Christian Music Planet
Christian Music Planet is the most-read Christian music and entertainment consumer publication. The magazine is also an integral part of the EMF Broadcasting family, which includes the K-LOVE and Air 1 radio networks.
price ($mm)
$0.30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/7/2007 via

Good Karma Broadcasting LLC, purchased Cleveland, Ohio radio station WKNR Sports Talk 850AM from Salem Communications Corporation

synopsis: Salem Communications Corporation, a leading U.S. radio broadcaster, Internet content provider, magazine and book publisher of Christian and family-themed content and conservative values, has entered into an agreement to sell Cleveland, Ohio radio station WKNR Sports Talk 850AM to Good Karma Broadcasting, L.L.C. for $7 million.
buyer: Good Karma Broadcasting LLC
Good Karma Broadcasting is a company based in Beaver Dam that owns six radio stations in Wisconsin.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$7.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2008 via BNC Analysis

Good Karma Broadcasting LLC, purchased WRRD (540 AM) from Salem Communications Corporation

synopsis: Good Karma announced that it purchased WRRD-AM (540) from Salem Communications Corp., Camarillo, Calif., for an undisclosed amount.
buyer: Good Karma Broadcasting LLC
Good Karma Broadcasting is a company based in Beaver Dam that owns six radio stations in Wisconsin.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$3.61
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/7/2007 via

Good Karma Broadcasting LLC, purchased Cleveland, Ohio radio station WKNR Sports Talk 850AM from Salem Communications Corporation

synopsis: Salem Communications Corporation, a leading U.S. radio broadcaster, Internet content provider, magazine and book publisher of Christian and family-themed content and conservative values, has entered into an agreement to sell Cleveland, Ohio radio station WKNR Sports Talk 850AM to Good Karma Broadcasting, L.L.C. for $7 million.
buyer: Good Karma Broadcasting LLC
Good Karma Broadcasting is a company based in Beaver Dam that owns six radio stations in Wisconsin.
seller: Salem Communications Corporation(SALM:$234.79)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$7.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/19/2014 via BNC Analysis

Union Broadcasting, purchased 105.7 WTUV-FM from Davidson Media Group

synopsis: Union Broadcasting’s “ESPN 680” WHBE Louisville has acquired 105.7 WTUV-FM from Davidson Media. Davidson Media’s 105.7 WTUV-FM Eminence, KY has flipped from a simulcast of sister Regional Mexican “La Poderosa 620” WTUV to a simulcast of WHBE.
buyer: Union Broadcasting
Union Broadcasting's ESPN 680 is a radio station that broadcasts sports. It is based in Louisville, Kentucky.
seller: Davidson Media Group
105.7 WTUV-FM is a radio station broadcasting a sports format. Licensed to Eminence, Kentucky, USA, the station serves the Louisville, Kentucky area.
price ($mm)
$0.33
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/14/2014 via BNC Analysis

Jorge Brito, acquired Radio Belgrano

synopsis: Jorge Brito acquired Radio Belgrano from Raul Moneta in January 2014. As result of the acquisition, Jorge Brito will manage Radio Belgrano. Radio Belgrano owns and operates radio stations, founded in 1923. The company is based in Buenos Aires, Argentina.
buyer: Jorge Brito
Jorge Brito is a prominent Argentine banker and businessman, owner of Banco Macro.
target: Radio Belgrano
Radio Belgrano owns and operates radio stations, founded in 1923. The company is based in Buenos Aires, Argentina.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/19/2014 via BNC Analysis

APN News & Media Limited, will purchase Two Radio Networks from Clear Channel Communications, Inc.

synopsis: APN News & Media Ltd. will acquire Clear Channel Communications Inc.'s 50% stake in Australian Radio Network Pty Ltd. and The Radio Network Ltd. in New Zealand for 246.5 million Australian dollars. Australian Radio Network owns KIIS 1065, MixFM, Classic Hits and The Edge, while The Radio Network operates 7 core radio brands across New Zealand.
buyer: APN News & Media Limited(:$748.40)
APN News & Media Limited operates as a media company. The company publishes metropolitan newspaper, and operates radio broadcasting and outdoor advertising in Australia. The company has publishing, radio, outdoor advertising and online operations.
seller parent: CC Media Holdings, Inc.
seller: Clear Channel Communications, Inc.
Australian Radio Network Pty Ltd. owns KIIS 1065, MixFM, Classic Hits and The Edge. The Radio Network operates 7 core radio brands across New Zealand. They are joint ventures of global media and entertainment company Clear Channel Communications and Australia media company APN News & Media Limited.
price ($mm)
$223*
rev ($mm)
$225
EBITDA ($mm)
$70
EV / rev
2.0x
EV / EBITDA
6.4x
announced 2/12/2014 via PR Newswire

Emmis Communications Corporation, will acquire WBLS-FM and WLIB-AM

synopsis: Emmis Communications Corporation has reached an agreement with YMF Media to purchase urban adult contemporary WBLS 107.5 FM, the No. 2 radio station in New York, and its sister station, WLIB 1190 AM, NY's first African-American targeted station offering an urban gospel format, for $131 million in cash.
buyer: Emmis Communications Corporation(EMMS:$201.50)
Emmis Communications Corporation, a diversified media company, engages in radio broadcasting and magazine publishing operations primarily in the United States. It also owns and operates national radio networks in Slovakia and Bulgaria.
target: WBLS-FM and WLIB-AM
Urban adult contemporary WBLS 107.5 FM, the No. 2 radio station in New York, and its sister station, WLIB 1190 AM, NY's first African-American targeted station offering an urban gospel format, are owned by YMF Media.
price ($mm)
$131
rev ($mm)
$32
EBITDA ($mm)
EV / rev
4.1x
EV / EBITDA
announced 2/6/2014 via Company Press Release

Communicorp Group Ltd., will purchase 8 UK Radio Stations from Global Radio UK

synopsis: International media holding company, Communicorp Group Limited, announced the proposed acquisition of eight regional radio stations from Global Radio, in the UK. Global Radio is the UK's premier radio company and the home of the UK's leading commercial radio brands.
buyer: Communicorp Group Ltd.
Founded in 1989 Communicorp Group Limited operates a portfolio of media and radio assets in Ireland, Europe and Jordan. It is the leading Irish commercial radio broadcaster and it operates the largest independent radio groups in both Bulgaria and Latvia.
seller: Global Radio UK
The 8 UK radio stations from Global Radio include Smooth East Midlands, Smooth North West, Smooth North East, Capital Scotland, Capital South Wales, Real Radio North Wales, Real Radio Yorkshire and Real XS.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/28/2014 via PR Newswire

Corus Entertainment, Inc., will purchase CKQB-FM and CJOT-FM from Bell Media

synopsis: Corus Entertainment Inc. announced that the Canadian Radio-television and Telecommunications Commission has approved the Company's acquisition of the Ottawa radio stations CKQB-FM (106.9 The BEAR) and CJOT-FM (boom 99.7).
buyer: Corus Entertainment, Inc.(CJR:$758.01)
Corus Entertainment Inc. is a Canadian-based media and entertainment company. Corus is a market leader in specialty television and radio with additional assets in pay television, advertising and digital audio services, television broadcasting, children's book publishing and children's animation.
seller parent: BCE, Inc.
seller: Bell Media
Bell Media's CKQB-FM is a Canadian radio station, which broadcasts an active rock format at 106.9 FM in Ottawa and 99.9 FM in Pembroke. CJOT-FM is a radio station based in Ottawa, Ontario, Canada that broadcasts a classic hits programming format at 99.7 FM.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
cancelled 3/13/2014 via New York Times

Liberty Media Corporation, cancelled an acquisition of Sirius XM Holdings Inc.

synopsis: Liberty Media, the company controlled by John C. Malone, announced that it had abandoned its plan to buy the shares of SiriusXM that it did not already own as part of a move to set up two tracking stocks to house the company’s assets.
buyer: Liberty Media Corporation(LMCA:$4,652.00)
Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. Those interests include subsidiaries SiriusXM, Atlanta National League Baseball Club, Inc., and TruePosition, Inc.
target: Sirius XM Holdings Inc.(SIRI:$3,691.43)
Sirius XM Holdings Inc. is the world's largest radio broadcaster measured by revenue and has 25.6 million subscribers. SiriusXM creates and broadcasts commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment; and more.
price ($mm)
$10,366
rev ($mm)
$3,691
EBITDA ($mm)
$1,272
EV / rev
2.8x
EV / EBITDA
8.1x
closed 12/6/2013 via BNC Analysis

Times Media Group Limited, acquired M-Power Radio Ltd.

synopsis: Times Media Group, the holding company that owns leading South Africa media and entertainment assets, announces that it has acquired a 65% interest in Mpower FM Radio, a commercial radio broadcaster based in Nelspruit, Mpumalanga, with a satellite studio in Emalahleni.
buyer: Times Media Group Limited(TMG:SJ:$375.42)
Times Media Group Limited (TMG) is the holding company that owns leading South Africa media and entertainment assets, boasting prominent brands, innovative content, delivered across a variety of channels. These assets are housed in the operating company Times Media (Pty) Ltd.
target: M-Power Radio Ltd.
Mpower FM Radio is a commercial radio broadcaster based in Nelspruit, Mpumalanga, with a satellite studio in Emalahleni. The company was launched in 2007.
price ($mm)
$0.15*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/22/2013 via BNC Analysis

Ethem Sanchez, acquired TurkMedya A.S.

synopsis: Ethem Sanchez has acquired TurkMedya, a media company that owns and operates newspapers, magazines, and radio stations. It offers newspapers including Aksam, Tercüman, and Günes dailies; and radio stations including Alem FM and Lig Radyo. The company was founded in 1997 and is based in Istanbul, Turkey.
buyer: Ethem Sanchez
Ethem Sanchez is a businessman in Turkey.
target parent: Çukurova Holding A.S.
target: TurkMedya A.S.
TurkMedya A.S. is a media company that owns and operates newspapers, magazines, and radio stations. It offers newspapers including Aksam, Tercüman, and Günes dailies; and radio stations including Alem FM and Lig Radyo. The company was founded in 1997 and is based in Istanbul, Turkey.
price ($mm)
$62
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/10/2013 via PR Newswire

Palm Beach Broadcasting LLC, will purchase 33 Radio Stations from NextMedia Group, Inc.

synopsis: NextMedia Group, Inc. announced that it has reached an agreement to sell its 33 radio stations in 8 states to an affiliate of Digity, LLC. Digity, an affiliate of Palm Beach Broadcasting LLC, is a newly-formed media company headed by broadcast industry veteran Dean Goodman's GoodCo Radio LLC in partnership with Garrison Investment Group LP.
buyer: Palm Beach Broadcasting LLC
Palm Beach Broadcasting consists of 97.9 WRMF, the Adult Contemporary station. Sunny 107.9 WEAT,“Official at Work Station” complimenting WRMF. X102.3 WMBX reaching an exclusive multi-cultural market, and finally WIRK 103.1 reaching an exclusive and loyal country audience.
seller parent: Strategic Value Partners, LLC
seller: NextMedia Group, Inc.
NextMedia is a key player in the radio industry with 33 radio stations operating in 8 states (California, Illinois, Michigan, North Carolina, Ohio, South Carolina, Texas, and Wisconsin).
price ($mm)
$85
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/30/2013 via Reuters

Townsquare Media Group, will purchase 53 Radio Stations from Cumulus Media Inc.

synopsis: Cumulus, the second largest operator of radio stations in the United States, is selling 53 radio stations in 12 small markets to mid-size Townsquare Media LLC for $238 million cash. The purpose of the acquisition is to finance Cumulus' acquisition of Dial Global.
buyer: Townsquare Media Group
Townsquare Media Group is a diversified media, entertainment and digital marketing services company that owns and operates radio, digital and live event properties. The Company specializes in creating and distributing original entertainment, music and lifestyle content.
seller: Cumulus Media Inc.(CMLS:$1,082.09)
Cumulus Media's 53 radio stations are in 12 small to mid-size markets, including Battle Creek, Kalamazoo and Lansing.
price ($mm)
$238
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/26/2013 via PR Newswire

Newcap Radio, will purchase Five Radio Stations from Bell Media

synopsis: Newcap Inc., one of Canada's leading radio broadcasters with 88 licences, has entered into an agreement to acquire the radio broadcasting licences Boom 97.3, 93.5 Flow, Virgin Radio 95.3, Shore 104.3 FM, and AM 650 from Bell Media Inc., Canada's largest radio broadcaster, with 107 licensed radio stations in 55 markets.
buyer parent:Newfoundland Capital Corp. Ltd.
buyer: Newcap Radio
Newcap Radio is one of Canada's leading radio broadcasters with 88 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.
seller parent: BCE, Inc.
seller: Bell Media
Boom 97.3 plays rock hits mainly from the 1970s, 80s and 90s. Flow 93.5 is the first urban music station. Virgin Radio 95.3 plays a adult contemporary music. Shore 104.3 FM plays Vancouver's adult alternative music, and AM 650 is a soft oldies/adult standards radio station.
price ($mm)
$107
rev ($mm)
$39
EBITDA ($mm)
EV / rev
2.8x
EV / EBITDA
announced 8/15/2013 via Company Press Release

EAB of Russellville LLC, will acquire River Valley Radio

synopsis: EAB of Russellville LLC agreed to acquire six radio stations of River Valley Radio (Max Media of Arkansas LLC) from Max Media. The company operates radio stations that cover the Arkansas River Valley.
buyer: EAB of Russellville LLC
EAB of Russellville LLC owns and operates radio stations in Arkansas. The company is based in Russellville, Arkansas.
target parent: Max Media, LLC
target: River Valley Radio
River Valley Radio owns six radio stations that include, KWKK-FM, KCJC-FM and KCAB-AM, KVOM-AM, KVOM-FM, and KVLD-FM.
price ($mm)
$3.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2013 via BNC Analysis

Hawaii Public Radio Inc., acquired Kau Community Radio Inc.

synopsis: The sale of Pahala’s KAHU-FM to Hawaii Public Radio is now complete, according to Christine Kaehuaea, president and director of Ka‘u Community Radio Inc.
buyer: Hawaii Public Radio Inc.
Hawaii Public Radio (HPR), is a network of six non-commercial, listener-supported stations serving the state of Hawaii. It is the statewide member of National Public Radio (NPR).
target: Kau Community Radio Inc.
Kau Community Radio Inc. operates KAHU 91.7 FM, a radio station based in Kau, Hawaii.
price ($mm)
$0.02
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/29/2013 via BNC Analysis

Bauer Media Group, will acquire Absolute Radio (UK) Limited

synopsis: Bauer Media UK has agreed with Times of India to acquire the Absolute Radio business. Absolute Radio (UK) Limited engages in the ownership and operation of radio stations in the United Kingdom. Absolute Radio and its sister brands are loved by millions of UK consumers and by advertisers.
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: The Times Group
target: Absolute Radio (UK) Limited
Absolute Radio (UK) Limited engages in the ownership and operation of radio stations in the United Kingdom. It offers competitions, music, community, and football programs.
price ($mm)
$34
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/24/2013 via BNC Analysis

L&L Broadcasting, LLC, purchased Six Radio Stations in Jackson, MS from YMF Media

synopsis: L & L Broadcasting of Portland, OR has purchased six radio stations in Jackson, MS owned by YMF Media, LLC. The stations are WKXI-FM, WJMI-FM,WRKS-FM, WJNT-AM, WOAD-AM and WJQS-AM.
buyer: L&L Broadcasting, LLC
L&L Broadcasting owns and operates 30 radio stations in five markets located in Biloxi, MS; Bluefield, WV; Fargo, ND; Hilton Head Island, SC/Savannah, GA and Peoria, IL.
seller: YMF Media
The six YMF Media radio stations based in Jackson, MS are WKXI-FM, WJMI-FM,WRKS-FM, WJNT-AM, WOAD-AM and WJQS-AM. YMF Media is an investment group created by the two Yucaipa funds and two Fortress funds which own the senior debt of Inner City Radio Corporation.
price ($mm)
$9.40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/2/2013 via BusinessWire

Hubbard, will purchase 10 Radio Stations from Sandusky Newspapers

synopsis: Hubbard Radio, LLC announced that the company has entered into an asset purchase agreement to acquire 10 radio stations from privately held Sandusky Radio. The acquisition expands Hubbard Radio by adding five radio stations in Seattle and five in Phoenix.
buyer: Hubbard
Hubbard Radio, LLC operates 20 radio stations in Chicago, Washington DC, Minneapolis-St. Paul, St. Louis and Cincinnati. Hubbard Radio is part of Hubbard Broadcasting, Inc., an American television and radio broadcasting corporation based in Minneapolis-St. Paul, Minnesota.
seller: Sandusky Newspapers
The five Seattle Sandusky stations involved in the transaction are: KIXI-AM 880; 92.5 KQMV-FM; 1150 KKNW-AM; 106.9 KRWM-FM; and 98.9 KLCK-FM. The five Phoenix Sandusky stations are: 100.7 KSLX-FM; 97.9 KUPD-FM; 93.3 KDKB-FM; 1440 KAZG-AM; and 1060 KDUS-AM.
price ($mm)
$86
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/26/2013 via Company Press Release

Agrofert Holding, will acquire Mafra AS

synopsis: Agrofert Group signed an agreement to acquire a leading Czech media group Mafra. Mafra is a media company engaging in newspaper publishing, television and radio broadcasting.
buyer: Agrofert Holding
The AGROFERT Group comprises more than 200 companies which are active in chemistry, agriculture, food industry, ground machinery, renewable resources and recently in forestry, timber harvesting and woodworking.
target parent: Rheinisch-Bergische Verlagsgesellschaft mbH
target: Mafra AS
MAFRA media group offers products from all areas of the media market under one roof. It operates newspaper publishing, television and radio broadcasting.
price ($mm)
rev ($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)
$3.42
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target

Like WRRD (540 AM)


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Geography
Matching Companies
Ticker: SALM
 
 
 
 
 
 
 
 
Salem Communications Corporation
Salem Communications Corporation
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.
year
2013
rev ($mm)
$234.79
EBITDA ($mm)
$49.76
EBIT ($mm)
$36.60
Net Income ($mm)
Employees
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Ticker:
 
 
 
 
 
 
 
 
Family Radio
Family Radio
Family Radio, also known by its licensee name Family Stations Inc., is a Christian radio network based in Oakland, California, USA, founded by Lloyd Lindquist, Richard H. Palmquist and Harold Camping.
year
2003
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
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Ticker:
 
 
 
 
 
 
 
 
Crawford Broadcasting Company
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.
year
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Ticker:
 
 
 
 
 
 
 
 
Educational Media Foundation, Inc.
Educational Media Foundation, Inc.
EMF Broadcasting is the parent company of both the Adult Contemporary Christian formatted K-LOVE Network and the Christian Pop Music Air 1 Radio Networks, which serve audiences 24/7 across the United States through 209 full-powered stations and 208 translators.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
WAY-FM Media Group, Inc
WAY-FM Media Group, Inc
WAY-FM Media Group owns and operates Christian radio stations throughout the US. WAY-FM exists to encourage youth and young adults in their Christian lives and to introduce non-believers to Christ.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
EWTN Global Catholic Network
EWTN Global Catholic Network
EWTN Global Catholic Network (EWTN) provides multimedia services to more than 140 countries and territories. EWTN transmits nine separate television channels in several languages to audiences around the world.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
Daystar Television Network
Daystar Television Network
Daystar Television Network, doing business as Word Of God Fellowship, Inc., operates as a Christian television network. It offers its network through multiple satellites, television stations, and cable systems.
year
rev ($mm)
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Trinity Broadcasting Network
Trinity Broadcasting Network
Trinity Broadcasting Network ("TBN") is the world’s largest religious network and America’s most watched faith channel. TBN offers 24 hours of commercial-free inspirational programming that appeal to people in a wide variety of Protestant, Catholic and Messianic Jewish denominations.
year
rev ($mm)
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Ticker: VIAB
 
 
 
 
 
 
 
 
Viacom Inc.
Viacom Inc.
Viacom connects with diverse audiences everywhere they are. As a leading global entertainment content company, they know what their viewers want and proudly deliver it across the globe through television, motion pictures and a wide range of digital media.
year
2012
rev ($mm)
$13,887.00
EBITDA ($mm)
$4,135.00
EBIT ($mm)
$3,901.00
Net Income ($mm)
$1,981.00
Employees
9880
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Ticker:
 
 
 
 
 
 
 
 
Multimedia Distribution & Marketing Sdn Bhd
Multimedia Distribution & Marketing Sdn Bhd offers advertising services. It also operates radio stations. The company also engages in television and video programme production and distribution. The company was incorporated in 2005 and is based in Malaysia.
year
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Ticker:
 
 
 
 
 
 
 
 
Western New York Public Broadcasting Association
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.
year
rev ($mm)
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Inner City Media Corp.
Inner City Media owns and operates radio stations in New York, California, South Carolina and Mississippi.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
KickRadio
Kickradio (http://kickradio.com) offers an internationally syndicated radio show that is heard in over 120 countries worldwide over the internet, on traditional broadcast radio stations and has podcast subscribers in over 65 countries.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
Channel Zero, Inc.
Channel Zero, Inc.
Since its creation in 2000, Channel Zero has overseen the creation and broadcast success of several digital specialty networks - including Movieola - The Short Film Channel and Silver Screen Classics. In 2006 Channel Zero created Ouat Media Inc., a film and new media content distribution company.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
Interactivation
Interactivation
Interactivation is a media company that delivers highly interactive and personalized content to consumers via TV, mobile devices and the Internet. Interactivation owns the Mag Rack and Concert TV video-on-demand television networks, and The Patient Channel and The Newborn Channel.
year
rev ($mm)
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Ticker: RCSM.MI
 
 
 
 
 
 
 
 
RCS MediaGroup
RCS MediaGroup
RCS MediaGroup is a multimedia publishing group that operates in daily newspapers, magazines and books, radio broadcasting, new media and digital TV. It is also one of the leading operators in the advertisement sales & distribution markets.
year
2013
rev ($mm)
$1,988.19
EBITDA ($mm)
$37.78
EBIT ($mm)
($69.92)
Net Income ($mm)
Employees
4134
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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 that serves 200 U.S. markets.
year
2013
rev ($mm)
$1,082.09
EBITDA ($mm)
$354.71
EBIT ($mm)
$225.71
Net Income ($mm)
Employees
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Ticker:
 
 
 
 
 
 
 
 
APN News & Media Limited
APN News & Media Limited
APN News & Media Limited operates as a media company. The company publishes metropolitan newspaper, and operates radio broadcasting and outdoor advertising in Australia. The company has publishing, radio, outdoor advertising and online operations.
year
2013
rev ($mm)
$748.40
EBITDA ($mm)
$778.78
EBIT ($mm)
$748.40
Net Income ($mm)
$2.36
Employees
5340
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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
2013
rev ($mm)
$201.50
EBITDA ($mm)
$35.70
EBIT ($mm)
$29.90
Net Income ($mm)
$14.60
Employees
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Ticker: NFCAF
 
 
 
 
 
 
 
 
Newfoundland Capital Corp. Ltd.
Newfoundland Capital Corp. Ltd.
Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is one of Canada's leading radio broadcasters with 88 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
2012
rev ($mm)
$130.95
EBITDA ($mm)
$33.84
EBIT ($mm)
$29.67
Net Income ($mm)
$10.88
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: 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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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:
 
 
 
 
 
 
 
 
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
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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
  • drill down
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Ticker:
 
 
 
 
 
 
 
 
Access.1 Communications Corp
Access.1 Communications Corp.-NY owns and operates radio and television stations. The company also distributes radio programs through affiliate agreements. The company owns 13 radio stations in New Jersey, New York, Texas and Louisiana.
year
rev ($mm)
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Ticker:
 
 
 
 
 
 
 
 
Alton Rainbow Corporation
Alton Rainbow Corporation operates radio stations in Florida.
year
rev ($mm)
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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)
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  • drill down
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