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Educational Media Foundation, Inc., will acquire KHJK/103.7 FM

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Like KHJK/103.7 FM

announced 5/24/2012 via BNC Analysis

Educational Media Foundation, Inc., will acquire KHJK/103.7 FM

synopsis: Educational Media Foundation announced it would buy KHJK/103.7 FM, a radio station with a unique blend of popular artists and fresh new music not typically heard outside of the traditional "hit music" radio stations.
buyer: 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.
target: KHJK/103.7 FM
KHJK/103.7 FM is radio station with a unique blend of popular artists and fresh new music not typically heard outside of the traditional "hit music" radio stations.
price ($mm)
$5.00
rev ($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 2/7/2013 via BNC Analysis

Pat Garrett, will acquire WTPA-FM

synopsis: Country singer/songwriter Pat Garrett is set to purchase Harrisburg’s classic rock FM, WTPA, 92.1. WTPA-FM is Central Pennsylvania's only remaining independent rock station.
buyer: Pat Garrett
Pat Garrett is a country singer and songwriter. Pat is best known for his many country songs, including “In the Blue Mountains,” as owner of “The Pat Garrett Amphitheater,” owner of country radio station WWSM, and helping country superstar Taylor Swift get her start.
target: WTPA-FM
WTPA (92.1 FM) is a rock music formatted radio station in Harrisburg, Pennsylvania.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/6/2013 via Company Press Release

H Bauer Publishing, acquired Planet Rock

synopsis: Bauer Media UK announces it has acquired Planet Rock, the multi Sony Award-winning national digital radio station which broadcasts classic rock music to listeners across the UK.
buyer parent:Bauer Media Group
buyer: H Bauer Publishing
H Bauer is the largest consumer magazine publishing company in the UK, playing a primary role in the Women’s Weeklies, Women’s Interest, Women’s Lifestyle, TV Listings, Puzzles, Men’s Lifestyle, Music & Film and Specialist magazine markets.
target: Planet Rock
Planet Rock is the largest digital only commercial radio station in the UK, playing rock music from the 70s, 80s, 90s, 00s and the present day. Planet Rock was founded in 1999 as the only classic rock radio station in the UK at that time.
price ($mm)
$3.15
rev ($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 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 10/8/2012 via Reuters

CBS Radio, Inc., will acquire 101.9 New Rock

synopsis: CBS Radio, Inc. is planning to buy a New York City FM rock station to broaden the reach of its sports content. The broadcaster agreed to purchase Merlin Media's 101.9 New Rock for $75 million so it can simulcast Sports Radio 66 WFAN, which is currently only on AM radio.
buyer parent:CBS Corporation
buyer: CBS Radio, Inc.
CBS Radio, Inc. is one of the largest owners and operators of radio stations in the United States. CBS Radio owns around 130 radio stations across the country. It is currently part of CBS Corporation, which also owns the CBS radio and television networks, and jointly owns the CW Television Network.
target parent: GTCR, LLC
target: 101.9 New Rock
WRXP (101.9 FM), known on-air as New Rock 101.9, is an alternative rock radio station located in New York City. WRXP is owned by Merlin Media LLC, and has studios located in New York's West Village neighborhood. WRXP's transmitter is located at the Empire State Building.
price ($mm)
$75
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/25/2012 via PR Newswire

Energy Quest, Inc., will be merged with Beach City Radio

synopsis: Energy Quest, Inc., a wholly owned subsidiary of Quest Communications, has signed an agreement to purchase Beach City Radio. Beach City Radio is a sponsor supported radio broadcasting network in the Clearwater, Florida area. It provides CLASSIC HITS - the industry's leading 24-Hour format.
buyer: Energy Quest, Inc.
Energy Quest, Inc. a Nevada Corporation, a waste to energy company in the development, construction and marketing of low-cost alternate power and fuels worldwide. Through superior technology, the Company is focused on becoming a GreenPowerhouse(TM).
target: Beach City Radio
Beach City Radio is a sponsor supported radio broadcasting network in the Clearwater, Florida area. It provides CLASSIC HITS - the industry's leading 24-Hour format. The network specializes in a high-energy radio presentation featuring the greatest hits from the 60's, 70's and 80's.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/19/2012 via BNC Analysis

Crain Media Group, LLC, will acquire HANK 105.7

synopsis: Malvern Entertainment Corporation is selling Classic Country KHAN (HANK 105.7)/Kensett, Arkansas to Crain Media Group, LLC for $566,000. HANK 105.7 is Central Arkansas' newest radio station, playing Pure Country Music for White, Lonoke, Cleburne Counties and surrounding areas.
buyer: Crain Media Group, LLC
Crain Media Group, LLC owns radio stations in three Arkansas Markets; Little Rock, Conway and Searcy. They are locally owned and operated, and committed to providing the best of service to listeners, advertisers and communities.
target parent: Malvern Entertainment Corporation
target: HANK 105.7
HANK 105.7 is Central Arkansas' newest radio station, playing Pure Country Music for White, Lonoke, Cleburne Counties and surrounding areas.
price ($mm)
$0.57
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/30/2012 via BNC Analysis

Kinoshita Management Co., Ltd, will acquire FM Inter-Wave Inc.

synopsis: FM Inter-Wave Inc. is to be sold to Kinoshita Management Co., Ltd. FM Inter-Wave Inc. is a radio station dedicated to the music manufactured and played worldwide 90% of the time while the remaining 10% goes to the domestic music known as J-pop, selected in large part by the Music Director.
buyer: Kinoshita Management Co., Ltd
Kinoshita Management Co., Ltd is a real estate company whose core businesses include: investment condominium delvelopment, design, construction and sales as well as real estate and apartment management.
target: FM Inter-Wave Inc.
FM Inter-Wave Inc. is a radio station dedicated to the music manufactured and played worldwide 90% of the time while the remaining 10% goes to the domestic music known as J-pop, selected in large part by the Music Director.
price ($mm)
$7.46*
rev ($mm)
$8
EBITDA ($mm)
EV / rev
1.0x
EV / EBITDA
announced 5/16/2012 via BNC Analysis

Nelonen Media, will acquire Metroradio Finland Oy

synopsis: Nelonen Media, part of Sanoma Media Finland, is to extend its portfolio of radio stations, based on Radio Aalto and Radio Rock, by purchasing Radio SuomiPOP, Groove FM, and Metro FM. Following the acquisition, Nelonen Media will become the market leader in Finnish commercial radio.
buyer parent:Sanoma Oyj
buyer: Nelonen Media
Nelonen Media is a developing and growing multimedia company that offers a wide range of entertainment content to consumers in Finland through television, radio and online media.
target: Metroradio Finland Oy
Metroradio Finland Oy operates three radio stations, and Mediasales Finland Oy, which manages the stations' media sales. Radio SuomiPOP is Finland's third-largest commercial radio station and Groove FM the eighth-largest, while Metro FM is the largest local radio station in Greater Helsinki.
price ($mm)
rev ($mm)
$6
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 4/29/2012 via New York Times

98.7 Kiss FM merged with WBLS,

synopsis: WBLS (107.5 FM), an urban adult contemporary FM radio station in New York City, has acquired and merged with WRKS, known as Kiss-FM, (98.7 FM), an urban adult contemporary radio station in New York City, from Emmis Communications.
buyer parent:YMF Media
buyer: WBLS
WBLS is an urban adult contemporary FM radio station in New York City, operating on 107.5 MHz. WBLS is owned by Inner City Broadcasting Corporation.
target parent: Emmis Communications Corporation
target: 98.7 Kiss FM
WRKS 98.7 Kiss FM is an urban adult contemporary radio station in New York City.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/2/2012 via BusinessWire

Entercom Communications Corporation, acquired KBLX-FM

synopsis: Entercom Communications Corp. announced the signing of a definitive agreement to acquire 102.9 KBLX-FM from Inner City Media Corporation and its subsidiaries. KBLX is the leading urban station in the San Francisco market.
buyer: Entercom Communications Corporation(ETM:$372.43)
Entercom Communications Corp. is one of the five largest radio broadcasting companies in the United States, with a nationwide portfolio of 110 stations in 23 markets, including San Francisco, Boston, Seattle, Denver, Portland, Sacramento and Kansas City.
target parent: Inner City Broadcasting Corporation
target: KBLX-FM
102.9 KBLX-FM is a radio broadcaster located in San Francisco, California. It delivers a sound encompassing a wide range of music from Pop, R&B, Jazz Instrumentals and Soundtrack recordings.
price ($mm)
$25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/20/2011 via BusinessWire

McKay Productions LLC, acquired KRML

synopsis: Carmel radio station KRML, one of the world’s most recognizable stations has been sold to McKay Productions LLC, owned by Scot McKay, a local Carmel businessman and music enthusiast. KRML Radio is known for its commitment to Jazz and is the only local radio station broadcasting Jazz, 24 hours a day.
buyer: McKay Productions LLC
McKay Productions, LLC is a production company owned by Scot McKay. Scot McKay is involved in a variety of International and National business ventures, but may be best known locally as the owner of CVAC, Carmel Valley Athletic Club.
target: KRML
KRML is a Carmel, CA-based radio station. It is known for its commitment to Jazz and is the only local radio station broadcasting Jazz, 24 hours a day. KRML is available locally at 1410 AM and is streamed 24/7 worldwide over the web at KRML.com.
price ($mm)
$0.15
rev ($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
closed 4/19/2011 via Company Press Release

Southern Cross Media Group, acquired Austereo Group Ltd.

synopsis: Southern Cross Media Group announced that they have complete their acquisition of radio network owner and operator Austereo. Both companies are based in Australia.
buyer: Southern Cross Media Group(SOUTF:$452.92)
Southern Cross Media Group Limited provides media services in Australia. It engages in the broadcasting of regional free to air commercial television and radio stations; and the management of online radio content.
target parent: Village Roadshow Ltd.
target: Austereo Group Ltd.
Austereo Group Limited, together with its subsidiaries, engages in commercial radio broadcasting operations in Australia. It operates three radio networks, including Today, Triple M and Radar Radio.
price($mm)[EV]
$763 [$979]
rev ($mm)
$297
EBITDA ($mm)
$98
EV / rev
3.3x
EV / EBITDA
10.0x
announced 9/21/2009 via PR Newswire

Wgbh Tv-Channel 2, will acquire WCRB-FM

synopsis: Public service broadcaster WGBH announced plans to acquire New England's leading all-classical music station WCRB 99.5FM from Nassau Broadcasting Partners of New Jersey. WCRB is a 27,000-watt station, deeply rooted in the Boston region, serving audiences for more than 60 years with a broad reach in New England.
buyer: Wgbh Tv-Channel 2
WGBH Boston is America's preeminent public broadcaster, producing such award-winning PBS series as Masterpiece, Antiques Roadshow, Frontline, Nova, American Experience, Arthur, Curious George, and more than a dozen other prime-time, lifestyle, and children's series.
target parent: Nassau Broadcasting Partners
target: WCRB-FM
WCRB is a 27,000-watt station, deeply rooted in the Boston region, serving audiences for more than 60 years with a broad reach in New England, drawing some 340,000 loyal listeners each week.
price ($mm)
$14
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2009 via

WNYC, acquired WQXR

synopsis: The New York Times Company has entered into an agreement with WNYC Radio for the sale of WQXR-FM, its New York City classical music radio station. WNYC Radio will purchase the FCC license for 105.9 FM, all related transmitting equipment and WQXR’s call letters and Web site from the Times Company for $11.5 million.
buyer parent:Thomas H. Lee Partners, L.P.
buyer: WNYC
As America's most listened-to public radio stations, reaching more than one million listeners every week, WNYC extends New York City's cultural riches to the entire country on-air and online, and presents the best national offerings from networks NPR, PRI and APM.
target parent: The New York Times Company
target: WQXR
WQXR has provided classical music and other cultural programming to listeners in the New York metropolitan area for the last 73 years.
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/14/2008 via Radio Online

New South Radio Inc, will purchase Variety Hits WWJK-FM from Backyard Broadcasting

synopsis: New South Radio has agreed to acquire Variety Hits WWJK-FM (94.7)/Jackson, MS, from Backyard Broadcasting of Mississippi. Terms were not disclosed.
buyer: New South Radio Inc
New South Radio Inc is located in Ridgeland, MS. New South owns and operates Wjkk Fm Radio.
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)
$3.80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/14/2008 via Radio Online

Inner City Media Corp., will purchase Active Rock WRXW-FM from Backyard Broadcasting

synopsis: Inner City Media Corp. will purchase Active Rock WRXW-FM (93.9)/Jackson, MS, from Backyard. Inner City Media also owns stations in New York, California, South Carolina and Mississippi.
buyer: Inner City Media Corp.
Inner City Media owns and operates radio stations in New York, California, South Carolina and Mississippi.
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)
$0.60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target
announced 5/24/2012 via BNC Analysis

Educational Media Foundation, Inc., will acquire KHJK/103.7 FM

synopsis: Educational Media Foundation announced it would buy KHJK/103.7 FM, a radio station with a unique blend of popular artists and fresh new music not typically heard outside of the traditional "hit music" radio stations.
buyer: 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.
target: KHJK/103.7 FM
KHJK/103.7 FM is radio station with a unique blend of popular artists and fresh new music not typically heard outside of the traditional "hit music" radio stations.
price ($mm)
$5.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/24/2012 via BNC Analysis

Educational Media Foundation, Inc., will acquire KHJK/103.7 FM

synopsis: Educational Media Foundation announced it would buy KHJK/103.7 FM, a radio station with a unique blend of popular artists and fresh new music not typically heard outside of the traditional "hit music" radio stations.
buyer: 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.
target: KHJK/103.7 FM
KHJK/103.7 FM is radio station with a unique blend of popular artists and fresh new music not typically heard outside of the traditional "hit music" radio stations.
price ($mm)
$5.00
rev ($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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target parent: EMF Broadcasting
target: Christian Music Planet
Christian Music Planet is the most-read Christian music and entertainment consumer publication. The magazine is also an integral part of the EMF Broadcasting family, which includes the K-LOVE and Air 1 radio networks.
price ($mm)
$0.30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/24/2012 via BNC Analysis

Educational Media Foundation, Inc., will acquire KHJK/103.7 FM

synopsis: Educational Media Foundation announced it would buy KHJK/103.7 FM, a radio station with a unique blend of popular artists and fresh new music not typically heard outside of the traditional "hit music" radio stations.
buyer: 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.
target: KHJK/103.7 FM
KHJK/103.7 FM is radio station with a unique blend of popular artists and fresh new music not typically heard outside of the traditional "hit music" radio stations.
price ($mm)
$5.00
rev ($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 ($mm)
rev ($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:$549.54)
Cumulus Media is the largest pure-play radio broadcaster in the US with approximately 525 stations in 110 markets, a fully-distributed programming network serving more than 4,500 affiliates nationwide and SweetJack, the local deals platform.
target parent: Family Radio
target: WFME-FM
WFME-FM is religious a radio station on 94.7 FM licensed to Newark, New Jersey. The studio, office and transmitter are located in West Orange, New Jersey and is shared with sister station WFME-TV (channel 66).
price ($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:$218.17)
Salem Communications Corporation is the largest commercial U.S. radio broadcasting company that provides programming targeted at audiences interested in Christian and family-themed radio content, as measured by the number of stations and audience coverage.
target: WMUU Radio
WMUU, INC., doing business as WMUU AM & FM Radio Station, provides radio broadcasting services. WMUU is a Christian station. The primary mission is to have a Spiritual impact on the communities they serve.
price ($mm)
$2.85
rev ($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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($mm)
$3.61
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/8/2007 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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target parent: EMF Broadcasting
target: Christian Music Planet
Christian Music Planet is the most-read Christian music and entertainment consumer publication. The magazine is also an integral part of the EMF Broadcasting family, which includes the K-LOVE and Air 1 radio networks.
price ($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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
price ($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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
target: CMCentral.com
CMCentral.com is a vibrant Christian music website and online community based in Nashville, TN.
price ($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:$218.17)
Salem Communications is a leading U.S. radio broadcaster, Internet content provider, and magazine and book publisher targeting audiences interested in Christian and family-themed content and conservative values.
seller: Red Zebra Broadcasting LLC
Red Zebra Broadcasting LLC owns and operates radio stations in Washington and Virginia.
price ($mm)
$3.10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target

Like KHJK/103.7 FM


KHJK/103.7 FM

QX 104 FM

WTPA-FM

Planet Rock

103.5 The Eagle

Power 105.5

101.9 New Rock

Beach City Radio

HANK 105.7

FM Inter-Wave Inc.

Metroradio Finland Oy

98.7 Kiss FM

KBLX-FM

KRML

Power 105.5

Austereo Group Ltd.

WCRB-FM

WQXR

Backyard Broadcasting

Backyard Broadcasting

KHJK/103.7 FM

KHJK/103.7 FM

Salem Communications Corporation

Christian Music Planet

KHJK/103.7 FM

QX 104 FM

103.5 The Eagle

Power 105.5

WFME-FM

WMUU Radio

WAY-FM Media Group, Inc

Power 105.5

Woay-AM radio

Salem Communications Corporation

WPRS-FM

Salem Communications Corporation

Salem Communications Corporation

Christian Music Planet

Family Stations, Inc.

Salem Communications Corporation

CMCentral.com

Daystar Television Network

Backyard Broadcasting

Red Zebra Broadcasting LLC

Geography
Matching Companies
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
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Beach City Radio
Beach City Radio is a sponsor supported radio broadcasting network in the Clearwater, Florida area. It provides CLASSIC HITS - the industry's leading 24-Hour format. The network specializes in a high-energy radio presentation featuring the greatest hits from the 60's, 70's and 80's.
year
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KXOJ, Inc.
KXOJ, Inc. owns and operates the KXOJ 100.9 radio station which broadcasts Christian music in Tulsa, Oklahoma.
year
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Metroradio Finland Oy
Metroradio Finland Oy
Metroradio Finland Oy operates three radio stations, and Mediasales Finland Oy, which manages the stations' media sales. Radio SuomiPOP is Finland's third-largest commercial radio station and Groove FM the eighth-largest, while Metro FM is the largest local radio station in Greater Helsinki.
year
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Super FM
Super FM is a top-40, popular local music station, which also broadcasts local news coverage. The station's reach extends to approximately 45% of the Turkish population, including to listeners in the major cities of Istanbul, Ankara and Izmir.
year
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WTPA-FM
WTPA-FM
WTPA (92.1 FM) is a rock music formatted radio station in Harrisburg, Pennsylvania.
year
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Quarn-strom Media Group LLC
Quarn-strom Media Group owns and operates radio stations in Minnesota and Wisconsin.
year
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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
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PerreoRadio.com
PerreoRadio.com is a web site with a focus on the growing popularity of Reggaeton music and its DJ's. PerreoRadio.com produces live original radio content with the genre's top DJ's and artists. The site also delivers genre specific streaming radio, music videos, chat rooms, and ring tones.
year
2006
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Classical South Florida
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®.
year
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Hubbard Broadcasting, Inc.
Hubbard Broadcasting, Inc.
Started in 1923, Hubbard Broadcasting, Inc. is an American television and radio broadcasting corporation based in Minneapolis-St. Paul, Minnesota that was started by Stanley E. Hubbard. Hubbard operates four radio stations as well as twelve television stations in Minnesota, New York and New Mexico.
year
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Gaytan Broadcasting LLC
Gaytan Broadcasting LLC
Gaytan Broadcasting LLC has operated the Heritage Hispanic Radio Station in Tulsa, KXTD 1530AM, branded as "Que Buena," for 14 years.
year
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RadioTime, Inc.
RadioTime is the leading radio tuner that powers Internet services and devices by connecting them to radio DJs, talk personalities, and sports programming. Listeners easily access free, live, local, and global radio programming through RadioTime.
year
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Ticker: VMED
 
 
 
 
 
 
 
 
Virgin Media
Virgin Media
Virgin Media Inc., through its subsidiaries, provides entertainment and communications services in the United Kingdom. The company operates through three segments: Consumer, Business, and Content.
year
2009
rev ($mm)
$3,804.40
EBITDA ($mm)
$1,360.70
EBIT ($mm)
$187.10
Net Income ($mm)
Employees
10939
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Carma Broadcasting, LLC.
Carma Broadcasting, LLC is a fledgling television broadcast company.
year
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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
2011
rev ($mm)
$218.17
EBITDA ($mm)
$52.82
EBIT ($mm)
$37.85
Net Income ($mm)
$5.62
Employees
1115
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Ticker:
 
 
 
 
 
 
 
 
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
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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
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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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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
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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
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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
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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
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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
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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:
 
 
 
 
 
 
 
 
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
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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
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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
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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
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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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Employees
  • drill down
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