Like Three Radio Stations

announced 2/13/2019 via BusinessWire

Entercom Communications Corporation, will purchase Three Radio Stations from Cumulus Media Inc.

synopsis: Entercom Communications Corp., a leading media and entertainment company and one of the two largest radio broadcasters in the United States, announced a definitive agreement to acquire NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 170 million people each month through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
seller: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
The acquisition includes NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc. Cumulus Media is a leader in the radio broadcasting industry.
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announced 10/18/2019 via Reuters

Seven West Media Limited, will acquire Prime Media Group Limited

synopsis: Australian free-to-air television broadcaster Seven West Media is to buy smaller Prime Media Group, an Australian-based media corporation, owner of regional television network Prime7 in eastern Australia and GWN7 in regional Western Australia.
buyer: Seven West Media Limited (ASX:SWM:$1,063.43)
Seven West Media is one of Australia’s leading integrated media companies, with a market-leading presence in broadcast television, magazine and newspaper publishing and online. The company is the home of many of Australia’s best performing media businesses and the biggest content brands. "
target: Prime Media Group Limited (ASX:PRT:$131.53)
Prime Media Group Limited is an Australian-based media corporation, owner of regional television network Prime7 in eastern Australia and GWN7 in regional Western Australia.
price ($mm)[EV]
$43 [$50]
rev ($mm)
$130
EBITDA ($mm)
$22
EV / rev
0.4x
EV / EBITDA
2.3x
closed 6/27/2019 via BNC Analysis

Red Apple Group, acquired 77 WABC Radio

synopsis: Red Apple Group, billionaire John Catsimatidis' conglomerate company that owns and operates assets in the energy, real estate, finance, insurance, and supermarket industries, has acquired 77 WABC Radio, a radio station company that broadcasts shows like “Bernie and Sid in the Morning” to New York, New Jersey and Connecticut.
buyer: Red Apple Group
Red Apple Group is a conglomerate that owns and operates assets in the energy, real estate, finance, insurance, and supermarket industries. It was founded by billionaire supermarket mogul John Catsimatidis. "
target parent: Cumulus Media Inc.
target: 77 WABC Radio
WABC first went on the air in 1921 and broadcasts shows like “Bernie and Sid in the Morning” to New York, New Jersey and Connecticut. It’s the No. 1 streamed radio station in the country.
price ($mm)
$13
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closed 4/5/2019 via BNC Analysis

Glacier Media, Inc., acquired Castanet.net

synopsis: Glacier Media has acquired Castanet Media, a leading source of local media and related information in the Okanagan region of British Columbia. Glacier Media also acquired Castanet-owned Avenue Radio, which operates a radio station in Kelowna, Canada.
buyer: Glacier Media, Inc. (:$141.37)
Glacier provides news, data and analysis in a range of business sectors, including Agriculture, Energy, Mining, Real Estate and Environmental Risk. It owns roughly 160 community newspapers, magazines and websites including The Times Colonist in Victoria, and Prince George Citizen. "
target: Castanet.net
Castanet Media is a leading source of local media and related information in the Okanagan region of British Columbia. Every week over 450,000 people visit Castanet for news, classifieds, weather and entertainment. Castanet also owns Avenue Radio, which operates a radio station in Kelowna, Canada.
price ($mm)
$18
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closed 3/20/2019 via BNC Analysis

D.C. Thomson & Co. Ltd., acquired Original 106

synopsis: DC Thomson Media has acquired Original 106, an independent radio station broadcasting to Aberdeen and Aberdeenshire. They deliver quality music over the last five decades and news updates to the people of Aberdeen and Aberdeenshire in Scotland.
buyer: D.C. Thomson & Co. Ltd.
DC Thomson is a private company and one of the leading media organisations in the UK. It is headquartered in Dundee, Scotland. The company publishes newspapers, magazines and books and has diversified into new media, digital technology, retail, radio and television through investment interests. "
target: Original 106
Original 106 is an independent radio station broadcasting to Aberdeen and Aberdeenshire. They deliver quality music over the last five decades and news updates to the people of Aberdeen and Aberdeenshire in Scotland.
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closed 3/20/2019 via BNC Analysis

D.C. Thomson & Co. Ltd., acquired Kingdom FM

synopsis: DC Thomson Media, a private company and one of the leading media organisations in the UK, has acquired Kingdom FM, an independent local radio station serving Fife. It is locally owned and operated and broadcasts from studios at Elizabeth House in Kirkcaldy, Scotland.
buyer: D.C. Thomson & Co. Ltd.
DC Thomson is a private company and one of the leading media organisations in the UK. It is headquartered in Dundee, Scotland. The company publishes newspapers, magazines and books and has diversified into new media, digital technology, retail, radio and television through investment interests. "
target: Kingdom FM
Kingdom FM is an independent local radio station serving Fife. It is locally owned and operated and broadcasts from studios at Elizabeth House in Kirkcaldy, Scotland.
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announced 2/20/2019 via Company Press Release

Bauer Media Group, will acquire Celador Radio

synopsis: Bauer Media Group, a global media company, will acquire Celador Radio from Celador Entertainment, a leading independent entertainment company. Celador Radio owns and operates 25 local and regional radio stations across the South of England. Their stations include The Breeze, Sam FM, Dream 100 FM, Town 102, The Beach, North Norfolk Radio, and more.
buyer: Bauer Media Group
Bauer Media Group publishes magazines, makes radio programmes and designs digital formats in 20 countries on four continents. Bauer Media Group's portfolio consists of over 600 magazines worldwide, more than 400 digital media outlets, and over 100 radio and TV stations. "
target parent: Celador Entertainment Group
target: Celador Radio
Celador Radio owns and operates 25 local and regional radio stations across the South of England. Their stations include The Breeze, Sam FM, Dream 100 FM, Town 102, The Beach, North Norfolk Radio, and more. The company broadcasts across East Anglia, Thames Valley, Solent and the South West.
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announced 2/20/2019 via Company Press Release

Bauer Media Group, will acquire Lincs FM Group

synopsis: Bauer Media Group, a global media company, will acquire the Lincs FM Group, a group that owns and operates 9 radio stations across Yorkshire, Lincolnshire, and Rutland. The Lincs FM Group provides their listeners with a mix of current chart hits and the best tracks from the 60s to the 90s.
buyer: Bauer Media Group
Bauer Media Group publishes magazines, makes radio programmes and designs digital formats in 20 countries on four continents. Bauer Media Group's portfolio consists of over 600 magazines worldwide, more than 400 digital media outlets, and over 100 radio and TV stations. "
target: Lincs FM Group
The Lincs FM Group owns and operates 9 radio stations across Yorkshire, Lincolnshire, and Rutland. Each station provides their listeners with a mix of current chart hits and the best tracks from the 60s to the 90s. The stations also provide the local news, national headlines, and weather.
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closed 1/8/2019 via BNC Analysis

Seven Mountains Media, purchased Twin Tiers Radio Stations from Community Broadcasters, LLC

synopsis: Community Broadcasters, a radio broadcasting company, has sold a group of radio stations in the Twin Tiers region of Western New York and extreme North-Central Pennsylvania to Seven Mountains Media. The stations include WNKI-FM, WNGZ-FM, WPGI-FM, WWLZ-AM, WRCE-AM, WPIG-FM and WHDL-AM.
buyer: Seven Mountains Media
Seven Mountains Media is a local radio serving Central Pennsylvania through multi-media outlets including broadcast radio, websites and streaming. "
seller: Community Broadcasters, LLC
The acquisition includes a group of radio stations in the Twin Tiers region of Western New York and extreme North-Central Pennsylvania from Community Broadcasters, LLC, a radio broadcasting company. The stations include WNKI-FM, WNGZ-FM, WPGI-FM, WWLZ-AM, WRCE-AM, WPIG-FM and WHDL-AM.
price ($mm)
$3.90
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closed 7/11/2018 via Company Press Release

The Irish Times, acquired Landmark Media Investments Ltd

synopsis: The Irish Times has completed the acquisition of all of the publishing and media interests of the Cork-based Landmark Media group, which owns the Irish Examiner newspaper and other titles. Landmark Media also owns radio stations WLRFM and Beat.
buyer: The Irish Times
The Irish Times provides the latest news including sport, analysis, business, weather and more from the definitive brand of quality news in Ireland. "
target: Landmark Media Investments Ltd
Landmark Media is a holding company established and owned by Tom Crosbie, supported by his father Ted Crosbie. Landmark Media's portfolio includes Irish newspapers The Irish Examiner, Evening Echo, Waterford News and Star and more. Landmark Media also owns radio stations WLRFM and Beat.
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announced 6/25/2018 via PR Newswire

Griffin Communications, Inc., will purchase five radio stations from The E.W. Scripps Company

synopsis: The E.W. Scripps Company has reached an agreement to sell its group of five radio stations in Tulsa, Oklahoma, to Griffin Communications. Oklahoma-based Griffin is purchasing KFAQ (1170 AM), KHTT (106.9 FM), KVOO (98.5 FM), KXBL (99.5 FM) and KBEZ (92.9 FM).
buyer: Griffin Communications, Inc.
Griffin Communications is a multi-media company that reaches majority of Oklahoma households with our television stations, statewide radio network, internet sites, digital outdoor network and mobile information distribution channels. They seek strategic investments to strengthen their holdings. "
seller: The E.W. Scripps Company (SSP:$1,562.58)
KFAQ, KHTT, KVOO, KXBL, and KBEZ are Tulsa, Oklahoma based radio stations. These radio channels play classic hits, country music, pop music, and local and national news. These stations were owned by The E.W. Scripps Company.
price ($mm)
$13
rev ($mm)
$945
EBITDA ($mm)
$175
EV / rev
0.0x
EV / EBITDA
0.1x
closed 6/22/2018 via Company Press Release

Fresh Media Bulgaria, purchased Bulgarian Radio Stations from Communicorp Media

synopsis: Fresh Media Bulgaria, the largest radio group in Bulgaria, has acquired Communicorp Media's Bulgarian Radio Stations. Communicorp Media had seven radio stations in Bulgaria: BG Radio, Radio 1, Radio 1 Rock, Radio Nova, Radio Energy, Radio Veronica, and Radio City.
buyer: Fresh Media Bulgaria
Fresh Media Bulgaria is the largest radio group in Bulgaria, operating some of the best known radio brands throughout the country. Some radio channels include: BG Radio, Radio 1, and NRJ. They have radio channels on music, entertainment, and news. "
seller: Communicorp Media
Based in Ireland, Communicorp Media is a premier media company and home to some of Europe's leading commercial media brands. Communicorp owns and operates a portfolio of media channels with a strong focus on commercial radio and emerging digital media.
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closed 11/26/2018 via GlobeNewswire

Cogeco, Inc., purchased 10 Regional Radio Stations from RNC Média Inc.

synopsis: Cogeco Inc. has completed the acquisition of 10 regional radio stations owned by RNC Média. The 10 radio stations are located in Quebec and Ontario, Canada. RNC Media is a Canadian broadcasting group based in Quebec, with offices in Gatineau and Rouyn-Noranda.
buyer: Cogeco, Inc. (TSX:CGO:$1,968.16)
Cogeco Inc. is a diversified holding corporation which operates in the communications and media sectors. Through its Cogeco Communications Inc. subsidiary, Cogeco provides its residential and business customers with Internet, video and telephony services through its two-way broadband fibre networks."
seller: RNC Média Inc.
The acquisition includes 10 regional radio stations owned by RNC Média. RNC Media is a Canadian broadcasting group based in Quebec, with offices in Gatineau and Rouyn-Noranda. The company operates television stations and several radio stations, mostly in Quebec.
price ($mm)
$15
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closed 6/15/2017 via BNC Analysis

LHTC Broadband, purchased Five Radio Stations from Spectrum Radio Group LLC

synopsis: Laurel Highland Total Communications Inc. (LHTC), a company that provides local phone, long distance, Internet, and cable television services, and its local subsidiary LHTC Media of West Virginia, have purchased assets of Spectrum Radio in Fairmont. The assets purchased by LHTC include 94.3 WRLF, 100.9 WZST, 920 AM and 95.7 WFMN and 1490 AM WTCS.
buyer: LHTC Broadband
LHTC Broadband provides local phone, long distance, Internet, and cable television services to customers across 200 square miles in rural Pennsylvania. LHTC employs over 50 people and is headquartered in Stahlstown with a business office in Indian Head. "
seller: Spectrum Radio Group LLC
The acquisition includes five radio stations from Spectrum Radio Group. The stations include 94.3 WRLF, 100.9 WZST, 920 AM and 95.7 WFMN and 1490 AM WTCS.
price ($mm)[EV]
$0.65 [$0.86]
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closed 9/6/2017 via PR Newswire

Saga Communications, Inc., purchased SC Radio Stations from Apex Broadcasting, Inc.

synopsis: Saga Communications, Inc. announced it has purchased the assets of WCKN(FM), WMXZ(FM), WXST(FM), WAVF(FM), WSPO(AM), W261DG and W257BQ, serving the Charleston, SC radio market, and WVSC(FM), WLHH(FM), WALI(FM), W256CB and W293BZ, serving the Hilton Head and Beaufort, SC radio markets, from Apex Broadcasting.
buyer: Saga Communications, Inc. (SGA:$140.68)
Saga Communications is a broadcasting company devoted to acquiring, developing and operating broadcast properties. Saga owns or operates broadcast properties in 26 markets, including 68 FM and 32 AM radio stations, 4 television stations and 5 low-power television stations. "
seller: Apex Broadcasting, Inc.
The Apex SC radio stations include 4 FM and 1 AM stations serving the Charleston, SC radio market and 3 FM stations serving the Hilton Head and Beaufort, SC Radio Markets. Apex Broadcasting is a radio broadcasting company with stations in Charleston, SC, Hilton Head, SC, and Fort Walton Beach, FL.
price ($mm)
$23
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announced 4/19/2017 via BNC Analysis

Cherry Creek Media, will purchase Four Montana Radio Stations from The Montana Radio Company, LLC

synopsis: Cherry Creek Media will acquire four Montana radio stations from the Montana Radio Company, a Helena, MT-based radio broadcasting company. The stations include the currently silent KMTZ (107.7) in the Butte, MT area, as well as three Great Falls, MT-licensed FM translators, including K298BL at 107.5 FM, K280GG at 103.9 FM, and K260AU at 99.9 FM.
buyer: Cherry Creek Media
Cherry Creek Media is the country's premier small market radio, events and digital marketing company. Their 53 radio stations serve their local markets in the Rocky Mountain Region, Upper Midwest, Northwest and Southwest. "
seller: The Montana Radio Company, LLC
The four Montana stations include the currently silent KMTZ (107.7) in the Butte, MT area, as well as three Great Falls, MT-licensed FM translators, including K298BL at 107.5 FM, K280GG at 103.9 FM, and K260AU at 99.9 FM. The Montana Radio Company is a Helena, MT-based radio broadcasting company.
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announced 4/19/2017 via BNC Analysis

The Montana Radio Company, LLC, will purchase Five Helena Radio Stations from Cherry Creek Media

synopsis: The Montana Radio Company will acquire five Helena, MT radio stations from Cherry Creek Media. The five stations include classic rock “Z-101” KZMT, country “99.5 The Bull” KBLL-FM, hot AC “B-104” KBMI-FM, adult hits “98.5 Dave FM” KHGC, and “News Radio 950” KCAP. Cherry Creek Media is a small market radio, events and digital marketing company.
buyer: The Montana Radio Company, LLC
Founded in 2009, the Montana Radio Company is a radio broadcasting company that owns radio stations in Helena and Great Falls, Montana. "
seller: Cherry Creek Media
The five Helena radio stations include classic rock “Z-101” KZMT, country “99.5 The Bull” KBLL-FM, hot AC “B-104” KBMI-FM, adult hits “98.5 Dave FM” KHGC, and “News Radio 950” KCAP. Cherry Creek Media is a small market radio, events and digital marketing company that owns 53 radio stations.
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closed 6/22/2016 via BNC Analysis

Community Broadcasters, LLC, purchased Four Radio Stations from Apex Broadcasting, Inc.

synopsis: Community Broadcasters LLC has announced it has acquired Apex Broadcasting’s four Destin/Fort Walton Beach radio stations. The four stations are CHR “Q92” 92.1 WECQ Destin, Country “Highway 98” 98.1 WHWY Holt, Variety Hits “102.1 The Wave” WWAV Santa Rosa and Active Rock “103.1 The Blaze” WZLB Valparaiso.
buyer: Community Broadcasters, LLC
Community Broadcasters, LLC is a radio broadcasting company. They were established in 2006 with the vision of becoming “a voice for the community” in smaller to mid-size markets in the upstate New York region. They have committed themselves to local programming in all of the markets they serve. "
seller: Apex Broadcasting, Inc.
Apex Broadcasting’s four Fort Walton Beach radio stations are CHR “Q92” 92.1 WECQ Destin, Country “Highway 98” 98.1 WHWY Holt, Variety Hits “102.1 The Wave” WWAV Santa Rosa and Active Rock “103.1 The Blaze” WZLB Valparaiso. Apex Broadcasting also has radio stations in Charleston and Hilton Head, SC.
price ($mm)
$5.90
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closed 12/2/2015 via Company Press Release

Raycom Media, Inc., acquired Drewry Communications Group

synopsis: Raycom Media purchased Drewry Communications, increasing Raycom's presence in Texas and Oklahoma. Drewry Communications owns the television stations KXXV in Waco, KFDA in Amarillo, KSWO in Lawton, OK and KWES in Midland-Odessa. The deal also includes Telemundo affiliates in each market and the Spanish-language radio stations KTXC-FM and KEYU-FM.
buyer: Raycom Media, Inc.
Raycom Media is one of the nation's largest privately owned broadcasters and owns and/or provides services for 63 television stations in 42 markets and 20 states. Raycom Media owns or provides services for stations covering over 14% of U.S. television households. "
target: Drewry Communications Group
Drewry Communications Group owns and operates television and radio broadcasting stations in Texas and Oklahoma. Their television stations include KXXV in Waco, KFDA in Amarillo, KSWO in Lawton, OK, and KWES in Midland-Odessa. They also own the Spanish-language radio stations KTXC-FM and KEYU-FM.
price ($mm)
$160
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announced 11/2/2015 via PR Newswire

Mid-West Family Broadcasting Group, will purchase South Bend Radio Stations from Schurz Communications, Inc.

synopsis: Gray Television, Inc. announced that it has reached agreements to sell the radio stations that are included in Gray's pending acquisition of the broadcast assets of Schurz Communications, Inc. Schurz will transfer its radio stations in South Bend, Indiana, to Mid-West Family Broadcast Group. The radio stations include WNSN, WSBT, WHFB, and WZOC.
buyer: Mid-West Family Broadcasting Group
Mid-West Family Broadcasting Group is a nearly 60-year old broadcast company whose current portfolio includes radio stations and digital platforms in seven markets in Wisconsin, Illinois, Michigan, and Missouri. They distinguish themselves for their commitment to local audiences and institutions. "
seller: Schurz Communications, Inc.
Schurz is a diversified communications company that owns television stations, radio stations, daily and weekly newspapers, cable companies and a telephone directory in medium and small sized markets throughout the U.S. Their radio stations in South Bend, Indiana include WNSN, WSBT, WHFB, and WZOC.
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announced 4/30/2020 via BNC Analysis

First Media Services, will purchase Five Radio Stations from Cumulus Media Inc.

synopsis: First Media Services has acquired a group of radio stations from Cumulus Media. The assets acquired include News/Talk WALG-AM 1590 and silent FM translator W257ED at 99.3 MHz in Albany, GA.; Class A WQVE-FM 101.7 in Albany, GA.; Class C1 WKAK-FM 104.5 in Albany, GA.; Class C3 WJAD-FM 103.5 in Leesburg, GA.; and Class C3 WEGC-FM 107.7 in Sasser, GA.
buyer: First Media Services
First Media Services is a West Virginia media company. The company owns and operates the radio stations WKQR (Kiss FM), WKQB (Mix 102.9), WAMN/WELC (Willie 94.5), WHAJ (J104), WHIS (News Talk), WHKX and WHQX (Kicks Country), and WKOY (The Eagle Classic Rock). "
seller: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
The assets acquired from Cumulus Media include News/Talk WALG-AM 1590 and silent FM translator W257ED at 99.3 MHz in Albany, GA.; Class A WQVE-FM 101.7 in Albany, GA.; Class C1 WKAK-FM 104.5 in Albany, GA.; Class C3 WJAD-FM 103.5 in Leesburg, GA.; and Class C3 WEGC-FM 107.7 in Sasser, GA.
price ($mm)
$0.45
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closed 6/27/2019 via BNC Analysis

Red Apple Group, acquired 77 WABC Radio

synopsis: Red Apple Group, billionaire John Catsimatidis' conglomerate company that owns and operates assets in the energy, real estate, finance, insurance, and supermarket industries, has acquired 77 WABC Radio, a radio station company that broadcasts shows like “Bernie and Sid in the Morning” to New York, New Jersey and Connecticut.
buyer: Red Apple Group
Red Apple Group is a conglomerate that owns and operates assets in the energy, real estate, finance, insurance, and supermarket industries. It was founded by billionaire supermarket mogul John Catsimatidis. "
target parent: Cumulus Media Inc.
target: 77 WABC Radio
WABC first went on the air in 1921 and broadcasts shows like “Bernie and Sid in the Morning” to New York, New Jersey and Connecticut. It’s the No. 1 streamed radio station in the country.
price ($mm)
$13
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announced 4/17/2019 via PR Newswire

Meruelo Media, will acquire KLOS-FM

synopsis: Meruelo Group announced that its media division, Meruelo Media, entered into an agreement with Cumulus Media Inc. to purchase KLOS-FM in Los Angeles. KLOS (95.5 MHz, 95.5 KLOS) is a commercial FM radio station licensed to Los Angeles, California and broadcasting to the Greater Los Angeles area. The station airs an album-oriented rock radio format.
buyer parent: The Meruelo Group
buyer: Meruelo Media
Meruelo Media, a division of the Meruelo Group, is the largest and fastest growing minority-owned media company in California. Meruelo Media operates Los Angeles television stations KWHY-22 and KBEH 63. "
target parent: Cumulus Media Inc.
target: KLOS-FM
KLOS (95.5 MHz, 95.5 KLOS) is a commercial FM radio station licensed to Los Angeles, California and broadcasting to the Greater Los Angeles area. The station airs an album-oriented rock radio format.
price ($mm)
$43
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announced 4/15/2019 via Company Press Release

Connoisseur Media, will purchase WEBE-FM and WICC-AM from Cumulus Media Inc.

synopsis: Connoisseur Media, owner and operator of 23 radio stations in 7 markets, announced that it has acquired WEBE-FM and WICC-AM from Cumulus Media, a leader in the radio broadcasting industry.
buyer parent: Perot Holdings
buyer: Connoisseur Media
Connoisseur Media creates compelling, unique brands through well researched and targeted programming, intense training and development of their people to ultimately connect local listeners with the content they crave and the products and services they need. "
seller: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
Cumulus Media's WEBE-FM is an adult contemporary-formatted station in Westport, Connecticut, and WICC-AM, a commercial radio station in Bridgeport, Connecticut. Cumulus combines high-quality local programming with iconic, nationally syndicated brands to deliver premium content choices to listeners.
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announced 4/15/2019 via Company Press Release

Cumulus Media Inc., will purchase 4 Radio Stations from Connoisseur Media

synopsis: Cumulus Media, a leader in the radio broadcasting industry, announced that it has acquired WODE-FM, WWYY-FM, WEEX-AM, WTKZ-AM and translator W234AX from Connoisseur Media, owner and operator of 23 radio stations in 7 markets.
buyer: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
A leader in the radio broadcasting industry, Cumulus Media combines high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands to deliver premium content choices to over 250 million people reached each month through its 434 owned-and-operated stations. "
seller parent: Perot Holdings
seller: Connoisseur Media
The Connoisseur Media Pennsylvania commercial radio stations are WODE-FM, WEEX-AM, and WTKZ-AM, the class A radio station WWYY-FM, and W234AX, the Allentown translator. Connoisseur creates unique radio brands and connects local listeners with the content, products and services they need.
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announced 2/13/2019 via BusinessWire

Entercom Communications Corporation, will purchase Three Radio Stations from Cumulus Media Inc.

synopsis: Entercom Communications Corp., a leading media and entertainment company and one of the two largest radio broadcasters in the United States, announced a definitive agreement to acquire NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 170 million people each month through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
seller: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
The acquisition includes NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc. Cumulus Media is a leader in the radio broadcasting industry.
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announced 4/4/2018 via GlobeNewswire

Cumulus Media Inc., will purchase WKQX-FM and all related IP of WLUP-FM from Merlin Media, LLC

synopsis: Cumulus Media, a leader in the radio broadcasting industry, will acquire WKQX-FM and the call signal and IP of WLUP-FM from Merlin Media, a radio broadcasting company. WKQX-FM is an alternative rock radio station in Chicago. WLUP-FM is a classic rock station that has served the Chicago area for over 40 years.
buyer: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
A leader in the radio broadcasting industry, Cumulus Media combines high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands to deliver premium content choices to the 245 million people reached each week through its 446 owned-and-operated stations. "
seller: Merlin Media, LLC
WKQX-FM is an alternative rock radio station in Chicago that offers rock music from the 1970s, 1980s, and 1990s. WLUP-FM is a classic rock station that has served the Chicago area for over 40 years. The WKQX-FM radio station and the IP of WLUP-FM belong to Merlin Media, a radio broadcasting company.
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closed 12/13/2013 via GlobeNewswire

Cumulus Media Inc., acquired WestwoodOne, Inc.

synopsis: Cumulus Media announced that it has completed the previously announced acquisition of WestwoodOne, Inc, formerly known as Dial Global, Inc. The acquisition will add sports, news, talk, music and programming services content – enabling Cumulus to provide a wider variety of options to radio stations, other media platforms and international platforms.
buyer: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
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. "
target parent: Gores Group, LLC
target: WestwoodOne, Inc. (OTCPK:DIAL:$239.02)
Dial Global provides national advertising sales representation to over 200 radio programs, services and networks on over 8,000 stations. In addition, Dial Global produces the Dial Global 24/7 Formats, well as Prep Services, Jingles and Imaging as well as long and short form radio programs.
price ($mm)[EV]
$260 [$538]
rev ($mm)
$239
EBITDA ($mm)
$5
EV / rev
2.3x
EV / EBITDA
116.2x
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 (NYSE:TSQ:$507.43)
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. (OTCPK:CMLS.Q:$1,073.86)
Cumulus Media's 53 radio stations are in 12 small to mid-size markets, including Battle Creek, Kalamazoo and Lansing.
price ($mm)
$238
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/30/2013 via BNC Analysis

Cumulus Media Inc., will purchase 5 Radio Stations from Townsquare Media Group

synopsis: Townsquare Media will exchange certain assets including 5 radio stations, in Fresno, CA for assets of Cumulus Media including 15 radio stations in two markets (Dubuque, IA and Poughkeepsie, NY) and a de minimis cash settle-up payment in favor of Townsquare.
buyer: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
Cumulus Media is swapping 15 radio stations in two markets: Dubuque, IA and Poughkeepsie, NY. "
seller: Townsquare Media Group (NYSE:TSQ:$507.43)
Townsquare Media Group's five radio stations are in Fresno, CA.
price ($mm)
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. (OTCPK:CMLS.Q:$1,073.86)
Cumulus Media is the largest pure-play radio broadcaster in the US with approximately 525 stations in 110 markets, a fully-distributed programming network serving more than 4,500 affiliates nationwide and SweetJack, the local deals platform. "
target parent: Family Radio
target: WFME-FM
WFME-FM is religious a radio station on 94.7 FM licensed to Newark, New Jersey. The studio, office and transmitter are located in West Orange, New Jersey and is shared with sister station WFME-TV (channel 66).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/30/2012 via BNC Analysis

TownSquare Media, purchased 55 stations in 11 non-strategic markets from Cumulus Media Inc.

synopsis: Townsquare Media, LLC announced that it has executed definitive documentation related to an asset exchange with Cumulus Media Inc. whereby Townsquare Media will acquire 55 stations in 11 markets in exchange for 10 stations in two markets and approximately $116 million in cash.
buyer: TownSquare Media (NYSE:TSQ:$507.43)
Townsquare Media, LLC is a local media and entertainment 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. (OTCPK:CMLS.Q:$1,073.86)
Cumulus Media is the largest pure-play radio broadcaster in the United States, and owns or operates more than 570 radio stations in 120 markets and a nationwide radio network serving over 4000 stations. Cumulus Media’s headquarters are in Atlanta, Georgia.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/16/2011 via BusinessWire

Citadel Broadcasting Company merged with Cumulus Media Inc.,

synopsis: Cumulus Media Inc. announced that it has completed its previously announced acquisition of Citadel Broadcasting Corporation, and as a result Citadel is now an indirect wholly-owned subsidiary of Cumulus. Citadel Broadcasting is the largest pure play radio company in the United States.
buyer: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
Cumulus Media Inc. is the second largest radio broadcaster in the United States based on station count, controlling approximately 345 radio stations in 67 U.S. media markets. "
target parent: Forstmann Little & Co.
target: Citadel Broadcasting Company
Citadel Broadcasting is the largest pure play radio company in the United States. With a strong national footprint reaching more than 50 of the nation’s leading markets, the company is comprised of 165 FM stations and 58 AM stations.
price ($mm)[EV]
$1,805 [$2,443]
rev ($mm)
$740
EBITDA ($mm)
$229
EV / rev
3.6x
EV / EBITDA
11.6x
closed 8/1/2011 via BusinessWire

Cumulus Media Inc., acquired Cumulus Media Partners, LLC

synopsis: Cumulus Media Inc. announced that it has completed the previously announced acquisition of the remaining equity interests of Cumulus Media Partners, LLC (“CMP”) that it did not already own. CMP owns 32 radio stations in nine markets, including San Francisco, Dallas, Houston, Atlanta, Cincinnati, Indianapolis and Kansas City.
buyer: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
Cumulus Media Inc. is the second largest radio broadcaster in the United States based on station count, controlling approximately 345 radio stations in 67 U.S. media markets. "
target: Cumulus Media Partners, LLC
Cumulus Media Partners, LLC owns and operates radio broadcasting stations. The company, through its AM and FM radio stations, serves listeners, communities, advertisers, and agencies in Dallas, Houston, Atlanta, Cincinnati, Indianapolis and Kansas City.
price ($mm)[EV]
$38 [$745]*
rev ($mm)
$189
EBITDA ($mm)
$77
EV / rev
4.8x
EV / EBITDA
11.7x
closed 5/5/2006 via BusinessWire

A Consortium of 4 buyers acquired Susquehanna Radio Corporation

synopsis: Cumulus Media Partners, a private partnership created by Cumulus Media Inc., Bain Capital, The Blackstone Group and Thomas H. Lee Partners, announced the successful completion of the acquisition of Susquehanna Pfaltzgraff Company. The deal, valued at approximately $1.2 billion was completed on May 5, 2006.
buyer: Thomas H. Lee Co.
buyer: Bain Capital
buyer: Blackstone Group LP (BX:$1,913.85)
buyer: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
Founded in 1984, Bain Capital's primary aim is to acquire or invest in companies that have excellent potential for equity appreciation. Bain Capital's approach is to develop partnerships with exceptional management teams. "
target: Susquehanna Radio Corporation
Susquehanna Radio is the largest privately owned radio broadcasting company in the United States and the 11th largest radio station operator in terms of revenue. The group consists of 33 radio stations in eight markets.
price ($mm)
$1,200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/26/2020 via BNC Analysis

Educational Media Foundation, Inc., acquired WAAF-FM 107.3

synopsis: Educational Media Foundation, a Christian radio broadcasting company, has acquired WAAF-FM 107.3 from Entercom Communications, a leading American media and entertainment company. WAAF is one of the oldest rock stations in New England. The station broadcasts modern alt-rock music to listeners in Boston and Worcester, Massachusetts.
buyer: Educational Media Foundation, Inc.
Education Media Foundation is a radio broadcasting company that owns the Adult Contemporary Christian formatted K-LOVE Network and the Christian Pop Music Air 1 Radio Network. Their mission is to communicate the Gospel message through contemporary Christian music and short educational elements. "
target parent: Entercom Communications Corporation
target: WAAF-FM 107.3
WAAF-FM 107.3 is one of the oldest rock stations in New England. WAAF broadcasts modern alt-rock music to listeners in Boston and Worcester, Massachusetts. Their shows include Mistress Carrie, Mike Hsu, The Mens Room, Eddie Trunk Rocks!, and Bay State Rock.
price ($mm)
$11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/7/2019 via BusinessWire

Radio.com, acquired Pineapple Street Media

synopsis: Entercom, the #1 creator of live, original, local audio content and the home of RADIO.COM, the fastest growing digital audio app in the United States, has acquired Pineapple Street Media, an award-winning, renowned independent producer of top-rated podcast content.
buyer parent: Entercom Communications Corporation
buyer: Radio.com
RADIO.COM is the top free all-in-one digital radio service for Sports, Music & News. Stream over 300 stations and 1,100 podcasts. "
target: Pineapple Street Media
Pineapple Street Media is an award-winning, renowned independent producer of top-rated podcast content. They were founded in 2016 in Brooklyn, NY.
price ($mm)
$18
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/7/2019 via BusinessWire

Radio.com, will acquire Cadence13

synopsis: Entercom, the #1 creator of live, original, local audio content and the home of RADIO.COM, the fastest growing digital audio app in the United States, announced that it has reached an agreement in principle to acquire Cadence13, an industry leader in podcast creation and distribution.
buyer parent: Entercom Communications Corporation
buyer: Radio.com
RADIO.COM is the top free all-in-one digital radio service for Sports, Music & News. Stream over 300 stations and 1,100 podcasts. "
target: Cadence13
Cadence13 is a leader in on-demand audio and more. They create, distribute, market and monetize premium audio products in partnership with creators and brands. Their podcasts focus on arts and entertainment, sports, technology, business, society and culture, health and more.
price ($mm)
$50*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/13/2019 via BusinessWire

Entercom Communications Corporation, will purchase Three Radio Stations from Cumulus Media Inc.

synopsis: Entercom Communications Corp., a leading media and entertainment company and one of the two largest radio broadcasters in the United States, announced a definitive agreement to acquire NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 170 million people each month through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
seller: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
The acquisition includes NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc. Cumulus Media is a leader in the radio broadcasting industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/3/2018 via BusinessWire

Bonneville International Corporation, will purchase 8 Radio Stations from Entercom Communications Corporation

synopsis: Entercom Communications, a leading media and entertainment company and one of the two largest radio broadcasters in the U.S., announced a definitive agreement to sell certain radio stations in San Francisco and Sacramento to Bonneville International Corporation, a legacy broadcaster dedicated to informing, entertaining and uplifting its audiences.
buyer parent: Deseret Management Corporation
buyer: Bonneville International Corporation
Bonneville International is a legacy broadcaster dedicated to informing, entertaining and uplifting its audiences. Bonneville currently operates 22 radio stations around the US, along with the NBC Affiliate TV station, KSL TV 5, in Salt Lake. "
seller: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 100 million people each week through its premier collection of highly rated, award winning radio stations, digital platforms and live events.
price ($mm)
$141
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/19/2018 via BusinessWire

Entercom Communications Corporation, will acquire 101.1 More FM Philly

synopsis: Entercom Communications Corp., a leading media and entertainment company and one of the two largest radio broadcasters in the U.S., announced a definitive agreement to acquire 101.1 MORE FM (WBEB-FM), a commercial FM radio station licensed to serve Philadelphia, Pennsylvania.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 100 million people each week through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
target: 101.1 More FM Philly
WBEB (101.1 More FM) is a commercial FM radio station licensed to serve Philadelphia, Pennsylvania. The station broadcasts an Adult Contemporary format, switching to all-Christmas music between mid-November and December 25 of each year.
price ($mm)
$58
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/19/2018 via BusinessWire

Beasley Broadcast Group, Inc., will acquire 92.5 XTU

synopsis: Entercom Communications Corp., a leading media and entertainment company, is to divest 92.5 WXTU, a commercial FM radio station in Philadelphia, to Beasley Broadcast Group, Inc., an owner/operator of radio stations in the United States.
buyer: Beasley Broadcast Group, Inc. (NasdaqGM:BBGI:$265.03)
Beasley Broadcast Group, Inc., based in Naples, Florida, is an owner/operator of radio stations in the United States. As of June 2017, the company owned 63 stations under the Beasley Media Group name. "
target parent: Entercom Communications Corporation
target: 92.5 XTU
92.5 WXTU is a commercial FM radio station in Philadelphia. They provide the Delaware Valley with today's hit country music.
price ($mm)
$38
rev ($mm)
$10
EBITDA ($mm)
EV / rev
3.7x
EV / EBITDA
announced 1/31/2018 via BNC Analysis

Entercom Communications Corporation, will purchase KFTK 97.1 & KNOU 96.3 from Emmis Communications Corporation

synopsis: Indianapolis-based Emmis Communications is selling the St. Louis area radio stations KFTK (97.1 FM) and KNOU (96.3 FM) to Entercom Communications. KFTK is a conservative talk station, and KNOU is an adult-hits station.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 100 million people each week through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
seller: Emmis Communications Corporation (NasdaqGS:EMMS:$114.13)
KFTK 97.1FM and KNOU 96.3 FM are St. Louis area radio stations. Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting. Emmis owns 16 FM and 3 AM radio stations in New York, Los Angeles, St. Louis, Austin, and Indianapolis.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/1/2017 via BNC Analysis

iHeartMedia, Inc., will purchase Four Boston Radio Stations from Entercom Communications Corporation

synopsis: Entercom Communications Corp., a leading media and entertainment company in the U.S., announced that it will sell four Boston radio stations — WBZ-AM; WZLX-FM; WKAF-FM; and WRKO-AM — to iHeartMedia Inc.
buyer: iHeartMedia, Inc. (OTCPK:IHRT.Q:$6,338.03)
iHeartMedia, Inc. is one of the leading global media and entertainment companies. The company specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities. "
seller: Entercom Communications Corporation (ETM:$1,489.93)
The four Boston radio stations include WBZ-AM, WZLX-FM, WKAF-FM, and WRKO-AM. Entercom Communications is a leading media and entertainment company in the U.S., reaching and engaging more than 40 million people a week through its portfolio of highly rated stations in top markets across the country.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/1/2017 via BNC Analysis

Beasley Broadcast Group, Inc., will acquire WBZ-FM 98.5

synopsis: Beasley Broadcast Group announced that it will buy WBZ-FM 98.5 The Sports Hub from Entercom Communications Corporation and CBS Radio. 98.5 The Sports Hub debuted in 2009 as the first Boston FM Sports Talk Radio Station.
buyer: Beasley Broadcast Group, Inc. (NasdaqGM:BBGI:$265.03)
Beasley Broadcast Group owns and operates 63 stations (45 FM and 18 AM) in 15 large- and mid-size markets in the United States. Beasley radio stations reach approximately 19.0 million unique consumers weekly over-the-air, online and on smartphones and tablets. "
target parent: Entercom Communications Corporation
target: WBZ-FM 98.5
WBZ-FM, 98.5 The Sports Hub is a Boston, MA radio station. 98.5 The Sports Hub debuted in 2009 as the first Boston FM Sports Talk Radio Station.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/1/2017 via BNC Analysis

Entercom Communications Corporation, will acquire WMJX-FM 106.7

synopsis: Entercom Communications Corporation announced that it will acquire WMJX-FM Magic 106.7 from Beasley Broadcast Group, a radio broadcasting group that owns and operates 63 stations in the United States. WMJX-FM Magic 106.7 is a radio station in Boston, MA, that plays music from the hottest new artists today, along with yesterday's favorite songs.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is a leading media and entertainment company in the U.S., reaching and engaging more than 40 million people a week through its portfolio of highly rated stations in top markets across the country. "
target parent: Beasley Broadcast Group, Inc.
target: WMJX-FM 106.7
WMJX-FM Magic 106.7 is a radio station in Boston, MA. Magic 106.7 plays music from the hottest new artists today, along with yesterday's favorite songs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/27/2017 via Company Press Release

Educational Media Foundation, Inc., will purchase Three Radio Stations from Entercom Communications Corporation

synopsis: Entercom Communications Corp., a leading media and entertainment company, announced that it has entered into an agreement to divest three radio stations to Educational Media Foundation (EMF), including KSWD-FM 100.3 The Sound in Los Angeles, KSOQ-FM 92.1 in San Diego and WGGI-FM 95.9 in Wilkes-Barre.
buyer: Educational Media Foundation, Inc.
Education Media Foundation is a radio broadcasting company that owns the Adult Contemporary Christian formatted K-LOVE Network and the Christian Pop Music Air 1 Radio Network. They also own a Jacksonvile, Florida FM Radio Translator, W270CD. "
seller: Entercom Communications Corporation (ETM:$1,489.93)
The three radio stations include KSWD-FM 100.3 The Sound in Los Angeles, KSOQ-FM 92.1 in San Diego and WGGI-FM 95.9 in Wilkes-Barre. KSWD-FM broadcasts a classic rock format. KSOQ-FM and WGGY (101.3 FM, "Froggy 101") broadcast country music.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/17/2017 via BusinessWire

CBS Radio, Inc. merged with Entercom Communications Corporation,

synopsis: Entercom Communications Corp., the fourth-largest radio broadcasting company in the U.S., announced that it has completed its merger with CBS Radio Inc., creating a leading American media and entertainment company and one of the top two radio broadcasters in the country.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is the fourth-largest radio broadcasting company in the U.S., reaching and engaging more than 40 million people a week through its 127 highly rated stations in 27 top markets across the country. "
target parent: CBS Corporation
target: CBS Radio, Inc.
CBS RADIO is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. CBS RADIO produces original audio and video content, live events and exclusive programming distributed on-air, online and on mobile platforms.
price ($mm)[EV]
$1,486 [$2,807]
rev ($mm)
$1,222
EBITDA ($mm)
$327
EV / rev
2.3x
EV / EBITDA
8.6x
announced 10/18/2016 via BusinessWire

Entercom Communications Corporation, will purchase 4 Radio Stations from Beasley Broadcast Group, Inc.

synopsis: Entercom Communications Corp. announced an agreement to acquire four radio stations in Charlotte, NC from Beasley Broadcast Group, Inc. Beasley is selling the stations to comply with FCC ownership limitations. The transaction adds strong local brands The Fan (WFNZ-AM), The Link (WLNK-FM) and news/talk leader WBT AM/FM to Entercom’s station group.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is the fourth-largest radio broadcasting company in the United States, with a portfolio of 125 highly-rated radio stations in 27 top markets across the country. Entercom’s brands reach and engage close to 40 million people each week. "
seller: Beasley Broadcast Group, Inc. (NasdaqGM:BBGI:$265.03)
The Fan (WFNZ-AM) covers North Carolina sports. The Link (WLNK-FM) airs a personality-driven Adult Contemporary format. WBT AM/FM is a Charlotte news/talk leader. Beasley Broadcast Group, Inc. is a radio broadcasting company that owns and operates 42 stations located in the United States.
price ($mm)
$24
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/17/2015 via Company Press Release

Kroenke Sports & Entertainment, LLC, will acquire Cruisin' Oldies AM 950

synopsis: KSE Radio Ventures, LLC, a division of KSE Media Ventures, LLC, announced its agreement to purchase Denver’s KRWZ AM 950 radio station from Entercom Denver, LLC. KRWZ, branded as "Cruisin' Oldies AM 950", broadcasts classic oldies music to the Denver region. KSE said their future plans for the station would be developed once they assume management.
buyer: Kroenke Sports & Entertainment, LLC
Kroenke Sports & Entertainment is one of the world's leading ownership, entertainment and management groups. As owners and operators of Pepsi Center, the Paramount Theatre, Dick's Sporting Goods Park, and various sports teams, KSE's sports and entertainment assets are second to none. "
target parent: Entercom Communications Corporation
target: Cruisin' Oldies AM 950
KRWZ, branded as "Cruisin' Oldies AM 950", is a radio station in Denver, CO. They broadcast classic oldies music to the Denver region.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/17/2015 via BusinessWire

Entercom Communications Corporation, acquired Lincoln Financial Media

synopsis: Entercom Communications Corp. announced that it has entered into a definitive agreement to acquire Lincoln Financial Media from Lincoln Financial Group. The agreement includes fifteen radio stations in the Atlanta, Denver, Miami and San Diego markets, and it will expand Entercom’s station portfolio to more than 130 stations in 26 markets.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp., led by President and CEO David Field, is one of the largest radio broadcasting companies in the United States, with a nationwide portfolio of over 100 stations in 23 markets. Entercom is home to some of radio's most distinguished brands and compelling personalities. "
target parent: Lincoln Financial Group
target: Lincoln Financial Media
Lincoln Financial Media is a wholly owned subsidiary of Lincoln Financial Group an insurance and financial services company. Beginning with its first radio station in 1934, Lincoln Financial Media boasts 16 radio stations, all in top 20 markets.
price ($mm)
$105
rev ($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:$1,489.93)
Entercom Communications Corp. is one of the five largest radio broadcasting companies in the United States, with a nationwide portfolio of 110 stations in 23 markets, including San Francisco, Boston, Seattle, Denver, Portland, Sacramento and Kansas City. "
target parent: Inner City Broadcasting Corporation
target: KBLX-FM
102.9 KBLX-FM is a radio broadcaster located in San Francisco, California. It delivers a sound encompassing a wide range of music from Pop, R&B, Jazz Instrumentals and Soundtrack recordings.
price ($mm)
$25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/3/2007 via BusinessWire

Entercom Communications Corporation, purchased WILD-FM, Boston. from Radio One, Inc.

synopsis: Radio One, Inc. completed the sale of the assets of radio station WKAF-FM (formerly WILD-FM), located in the Boston, Massachusetts metropolitan area, for approximately $30.0 million in cash, to Entercom Communications Corp.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom, which is headquartered in Pennsylvania, operates 97 radio stations in 18 markets. "
seller: Radio One, Inc. (UONE.K:$444.62)
Radio One, Inc. is one of the nation's largest radio broadcasting companies and the largest radio broadcasting company that primarily targets African-American and urban listeners. Radio One owns and/or operates 53 radio stations located in 16 urban markets in the United States.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/21/2006 via AP - Associated Press

Entercom Communications Corporation, will purchase KKMJ-FM, KAMX-FM, KXBT-FM and KJCE-AM in Austin; WUBE-FM, WKRQ-FM, WGRR-FM and WAQZ-FM in Cincinnati from CBS Radio, Inc.

synopsis: Radio broadcaster Entercom Communications Corp. plans to buy CBS Corp. stations in four markets for $262 million in cash. Entercom will purchase a total of 15 CBS stations in Memphis, Tenn., Rochester, N.Y, Austin, Texas and Cincinnati. The company already owns stations in Memphis and Rochester.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom, which is headquartered in Pennsylvania, operates 97 radio stations in 18 markets. "
seller parent: CBS Corporation
seller: CBS Radio, Inc.
CBS Radio is one of the largest major-market operators in the United States with stations covering news, alternative rock, country, FM talk, classic rock, oldies, JACK and urban formats, among others.
price ($mm)
$262
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/13/2019 via BusinessWire

Entercom Communications Corporation, will purchase Three Radio Stations from Cumulus Media Inc.

synopsis: Entercom Communications Corp., a leading media and entertainment company and one of the two largest radio broadcasters in the United States, announced a definitive agreement to acquire NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc.
buyer: Entercom Communications Corporation (ETM:$1,489.93)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 170 million people each month through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
seller: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
The acquisition includes NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc. Cumulus Media is a leader in the radio broadcasting industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/14/2020 via PR Newswire

Sirius XM Holdings Inc., will acquire Stitcher

synopsis: SiriusXM, the leading audio entertainment company in the U.S., announced that it has entered an agreement with The E.W. Scripps Company to acquire Stitcher, a pioneer in podcast production, distribution, and ad sales.
buyer: Sirius XM Holdings Inc. (SIRI:$8,002.00)
Sirius XM Holdings Inc. is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription- and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S."
target parent: The E.W. Scripps Company
target: Stitcher
Stitcher is the best place to listen to, produce and monetize podcasts. The Stitcher app, available for iOS and Android devices, is one of the world's most popular podcast listening platforms, with a growing network of original content and a premium subscription service.
price ($mm)
$265
rev ($mm)
$73
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
closed 6/26/2020 via BNC Analysis

Kenmore Broadcasting Corporation, acquired WJJL-AM

synopsis: WJJL (1440 AM) has been acquired by Kenmore Broadcasting and will be rebranded as WEBR-AM. WJJL is a radio station primarily broadcasting an oldies format. Licensed to Niagara Falls, New York, United States, the station serves the Niagara Falls and Buffalo area from studios in Kenmore.
buyer: Kenmore Broadcasting Corporation
Kenmore Broadcasting Corporation is a radio broadcasting company owned by William Yuhnke and based in Buffalo, New York. "
target: WJJL-AM
WJJL (1440 AM), to be rebranded as WEBR-AM, is a radio station primarily broadcasting an oldies format. Licensed to Niagara Falls, New York, United States, the station serves the Niagara Falls and Buffalo area from studios in Kenmore.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/17/2020 via BNC Analysis

The Salvation Poem Foundation Inc., will acquire Magic 105

synopsis: Mississippi Valley Broadcasters, doing business as La Crosse Media Group, has agreed to sell WLXR-FM 104.9 (Magic 105) to The Salvation Poem Foundation, a religious media and communications organization. Magic 105 is an adult contemporary station in the La Crosse, Wisconsin market that also hosts The Hit List podcast on its website.
buyer: The Salvation Poem Foundation Inc.
The Salvation Poem is a religious media and communications organization that promotes the gospel through various forms of media. The organization operates a YouTube channel for teaching the Salvation Poem, a children's app for smartphones, and the non-profit radio station Prayz Network. "
target: Magic 105
Magic 105 is an adult contemporary station in the La Crosse, Wisconsin market. Magic 105 is home to the Hit List podcast, where the hosts discuss various topics, and The Magic Squad, the station's newsletter that includes previews and information on upcoming events and the ability to win prizes.
price ($mm)
$0.30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/17/2020 via BNC Analysis

Magnum Media, will purchase Three Radio Stations from La Crosse Media Group

synopsis: Magnum Media will purchase Soft Oldies “102.7 MeTV-FM” KQEG, Country “Kicks 106.3” WQCC, and Conservative Talk 1490 WLFN from La Crosse Media. The three radio stations are located in La Crosse, Wisconsin.
buyer: Magnum Media
Magnum Broadcasting owns and operates radio stations. The company also owns television stations and low power television stations. The company was founded in 1991 and is based in Tomah, Wisconsin. "
seller: La Crosse Media Group
Soft Oldies “102.7 MeTV-FM” KQEG, Country “Kicks 106.3” WQCC, and Conservative Talk 1490 WLFN are radio stations broadcasting in the La Crosse, Wisconsin area.
price ($mm)
$1.40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/10/2020 via BNC Analysis

ACE Radio Network, will purchase 1377AM Melbourne from Pacific Star Network Ltd

synopsis: Pacific Star Network has offloaded 1377AM Melbourne to Regional broadcaster ACE Radio Network. 1377AM Melbourne (3MP) is a commercial radio station, broadcast from Rowville, Victoria and licensed to Greater Melbourne. It broadcasts a classic rock format on 1377 AM and DAB+ digital radio.
buyer: ACE Radio Network
Since 1984 ACE Radio Broadcasters has been at the forefront of regional Victorian radio. The company has grown over the years to include 17 radio stations, The Weekly Advertiser newspaper, ACE Digital and ACE Direct Sales, employing over 200 people across Victoria and southern New South Wales. "
seller: Pacific Star Network Ltd (ASX:PNW:$49.71)
1377AM Melbourne (3MP) is a commercial radio station, broadcast from Rowville, Victoria and licensed to Greater Melbourne. It broadcasts a classic rock format on 1377 AM and DAB+ digital radio. Pacific Star Network is an Australian sports media content and entertainment business.
price ($mm)
$3.14
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/5/2020 via BNC Analysis

SEN 1116, acquired Radio 2CH Pty Ltd.

synopsis: SEN 1116, a commercial AM radio station based in Melbourne, Australia, has acquired 2CH from Oceania Capital Partners, an Australian investment company. 2CH is a commercial AM radio station in Sydney, Australia. 2CH mainly broadcasts oldies music and is aimed at an older age demographic.
buyer parent: Crocmedia
buyer: SEN 1116
SEN 1116 is a commercial AM radio station based in Melbourne, Australia. SEN broadcasts sports radio throughout the Melbourne metropolitan area. They tackle the latest sports news 24 hours a day. Their cover the AFL, A-League, international cricket, horse racing, and more. "
target parent: Oceania Capital Partners
target: Radio 2CH Pty Ltd.
2CH is a commercial AM radio station in Sydney, Australia. 2CH mainly broadcasts oldies music and is aimed at an older age demographic. The station plays non stop classic hits as well as talk shows that provide the latest news and current affairs.
price ($mm)
$8.77
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/3/2020 via BNC Analysis

Educational Media Foundation, Inc., will acquire Classic Rock 100.1

synopsis: “Classic Rock 100.1” WKBH-FM West Salem/La Crosse WI will be acquired by Educational Media Foundation. Classic Rock 100.1 is the Premiere Classic Rock station on Wisconsin’s West Coast. They play only the best rockin’ tunes from the 60's, 70’s, 80’s, 90’s, including Zeppelin, Skynyrd, Queen, Floyd, Aerosmith, The Stones, and Def Leppard.
buyer: Educational Media Foundation, Inc.
Education Media Foundation is a radio broadcasting company that owns the Adult Contemporary Christian formatted K-LOVE Network and the Christian Pop Music Air 1 Radio Network. Their mission is to communicate the Gospel message through contemporary Christian music and short educational elements. "
target parent: La Crosse Media Group
target: Classic Rock 100.1
Classic Rock 100.1 is the Premiere Classic Rock station on Wisconsin’s West Coast. They play only the best rockin’ tunes from the 60's, 70’s, 80’s, 90’s and even a few “Beyond…” including Zeppelin, Skynyrd, Queen, Floyd, Aerosmith, The Stones, Def Leppard, Metallica, Pearl Jam, and more.
price ($mm)
$0.40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/13/2020 via BNC Analysis

Loud Media, will acquire Lakes Region Radio

synopsis: Border Media LLC and A&J Radio have announced they are merging their operations as Loud Media and acquiring Classic Hits “Lakes Region Radio” 94.1 WNYV Whitehall/Glens Falls NY, 1340 WVNR and the CP for 96.3 W242DF Poultney VT from Pine Tree Broadcasting Company
buyer: Loud Media
Loud Media is a new local radio company owned and operated by Aaron Ishmael and Ricki Lee. Formed in 2020 as part of a merger of Border Media and A&J Radio. Loud Media is a multimedia company specializing in local radio, digital and social. ​ "
target: Lakes Region Radio
Lakes Region Radio is a radio station broadcasting on 94.1FM & 1340AM in Poultney, Glens Falls, Queensbury, Saratoga and everywhere in-between. Lakes Region Radio plays music in the adult hits radio format.
price ($mm)
$0.15
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/30/2020 via BNC Analysis

First Media Services, will purchase Five Radio Stations from Cumulus Media Inc.

synopsis: First Media Services has acquired a group of radio stations from Cumulus Media. The assets acquired include News/Talk WALG-AM 1590 and silent FM translator W257ED at 99.3 MHz in Albany, GA.; Class A WQVE-FM 101.7 in Albany, GA.; Class C1 WKAK-FM 104.5 in Albany, GA.; Class C3 WJAD-FM 103.5 in Leesburg, GA.; and Class C3 WEGC-FM 107.7 in Sasser, GA.
buyer: First Media Services
First Media Services is a West Virginia media company. The company owns and operates the radio stations WKQR (Kiss FM), WKQB (Mix 102.9), WAMN/WELC (Willie 94.5), WHAJ (J104), WHIS (News Talk), WHKX and WHQX (Kicks Country), and WKOY (The Eagle Classic Rock). "
seller: Cumulus Media Inc. (OTCPK:CMLS.Q:$1,073.86)
The assets acquired from Cumulus Media include News/Talk WALG-AM 1590 and silent FM translator W257ED at 99.3 MHz in Albany, GA.; Class A WQVE-FM 101.7 in Albany, GA.; Class C1 WKAK-FM 104.5 in Albany, GA.; Class C3 WJAD-FM 103.5 in Leesburg, GA.; and Class C3 WEGC-FM 107.7 in Sasser, GA.
price ($mm)
$0.45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/30/2020 via BNC Analysis

WMUK 102.1 FM, will purchase WKDS 89.9 FM from Kalamazoo Public Schools

synopsis: Kalamazoo Public Schools will sell the district’s radio station WKDS 89.9 FM to Western Michigan University. The Board of Education approved the sale of WKDS 89.9 FM to WMU’s radio station WMUK 102.1 FM. WKDS (89.9 FM) is a high school radio station broadcasting a rhythmic contemporary hits format. The 89.9 FM station will be dedicated to classical
buyer parent: Western Michigan University
buyer: WMUK 102.1 FM
WMUK 102.1 FM is the professional broadcasting service of Western Michigan University broadcasting at 102.1 FM. WMUK provides three streams of digital content (two HD broadcast channels) 24/7. WMUK broadcasts two different audio channels (WMUK-1 and WMUK-2) twenty-four hours a day. "
seller: Kalamazoo Public Schools
WKDS (89.9 FM) is a high school radio station broadcasting a rhythmic contemporary hits format. The 89.9 FM station will be dedicated to classical music.
price ($mm)
$0.13
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/18/2020 via BNC Analysis

BNJ Group, will acquire Radio Swiss Pop

synopsis: The BNJ Group, a Swedish company that owns and operates radio stations, will acquire Radio Swiss Pop from SRG SSR, the largest media house in Switzerland. Radio Swiss Pop is a music radio station in Switzerland. Radio Swiss Pop plays pop and rock music 24 hours a day with no commercials and no talks in between.
buyer: BNJ Group
The BNJ Group is a Swedish company that owns and operates radio stations. BNJ operates RTN, RFJ, RJB, Arc Musique and GRRIF. The group of stations provide listeners with local news and plays pop and rock music. "
target parent: SRG SSR
target: Radio Swiss Pop
Radio Swiss Pop is a music radio station in Switzerland. Radio Swiss Pop plays pop and rock music 24 hours a day with no commercials and no talks in between. Their music programme consists of 3,500 tracks with around 50% of the music being Swiss related.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/4/2020 via BNC Analysis

Southern Cross Austereo, acquired Classic Hits 666 and Hot Hits 997

synopsis: Southern Cross Austereo continues to expand operations in Western Australia, announcing the acquisition of Classic Hits 666 and Hot Hits 997. Classic Hits 666 plays "the best tunes ever" from the 50's through to the mid 1990's. The Hot Hits station plays hits from the 80's through to the latest Top 40 tracks.
buyer: Southern Cross Austereo (ASX:SXL:$410.41)
Southern Cross Austereo (SCA) delivers entertainment media solutions across an unrivaled portfolio of Australian multimedia brands. SCA is Australia’s biggest entertainment company with the ability to reach more than 95% of the Australian population through its radio, television and digital assets. "
target: Classic Hits 666 and Hot Hits 997
Classic Hits 666 and Hot Hits 997 are radio stations based in Australia. Classic Hits 666 plays "the best tunes ever" from the 50's through to the mid 1990's. The Hot Hits station plays hits from the 80's through to the latest Top 40 tracks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/26/2020 via BNC Analysis

Educational Media Foundation, Inc., acquired WAAF-FM 107.3

synopsis: Educational Media Foundation, a Christian radio broadcasting company, has acquired WAAF-FM 107.3 from Entercom Communications, a leading American media and entertainment company. WAAF is one of the oldest rock stations in New England. The station broadcasts modern alt-rock music to listeners in Boston and Worcester, Massachusetts.
buyer: Educational Media Foundation, Inc.
Education Media Foundation is a radio broadcasting company that owns the Adult Contemporary Christian formatted K-LOVE Network and the Christian Pop Music Air 1 Radio Network. Their mission is to communicate the Gospel message through contemporary Christian music and short educational elements. "
target parent: Entercom Communications Corporation
target: WAAF-FM 107.3
WAAF-FM 107.3 is one of the oldest rock stations in New England. WAAF broadcasts modern alt-rock music to listeners in Boston and Worcester, Massachusetts. Their shows include Mistress Carrie, Mike Hsu, The Mens Room, Eddie Trunk Rocks!, and Bay State Rock.
price ($mm)
$11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/31/2020 via PR Newswire

WLIW21, acquired WPPB-FM

synopsis: WNET, America's flagship PBS station, parent company of New York's THIRTEEN and WLIW21, acquired WPPB-FM, a National Public Radio station based in Southampton, New York that serves the East End of Long Island. The purchase makes WLIW the only destination for public television and public radio on Long Island.
buyer parent: WNET.org
buyer: WLIW21
WLIW21 is one of America's most respected and innovative public media providers. A member of the WNET family of companies, WLIW21 is a unique cultural and educational institution that harnesses the power of television and electronic media to inform, enlighten, entertain and inspire. "
target: WPPB-FM
WPPB-FM is a National Public Radio station based in Southampton, New York that serves the East End of Long Island. WPPB-FM is the only Long Island-based affiliate of National Public Radio, offering programming such as Morning Edition, Car Talk, Marketplace, and the Travis Smiley Show.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/22/2019 via BNC Analysis

Educational Media Foundation, Inc., will purchase 101.9 KXJW and 98.7 KWXR from Cochise Broadcasting LLC

synopsis: Christian radio broadcaster Educational Media Foundation will acquire 101.9 KXJW and 98.7 KWXR from Cochise Broadcasting, a radio station operator in Wyoming. 101.9 KXJW and 98.7 KWXR are classic hits format radio stations in North Rock Springs and Reliance, Wyoming.
buyer: Educational Media Foundation, Inc.
Education Media Foundation is a radio broadcasting company that owns the Adult Contemporary Christian formatted K-LOVE Network and the Christian Pop Music Air 1 Radio Network. Their mission is to communicate the Gospel message through contemporary Christian music and short educational elements. "
seller: Cochise Broadcasting LLC
101.9 KXJW and 98.7 KWXR are classic hits format radio stations in North Rock Springs and Reliance, Wyoming. 101.9 KXJW and 98.7 KWXR belongs to Cochise Broadcasting, a radio station operator in Wyoming.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/28/2019 via Company Press Release

PPF Group N.V., will acquire Central European Media Enterprises

synopsis: Central European Media Enterprises Ltd. (CME) announced that it has entered into a definitive agreement to be acquired by an affiliate of the Netherlands-based investment fund PPF Group N.V. CME is a media and entertainment company operating leading businesses and broadcasting 30 television channels in five Central and Eastern European markets,
buyer: PPF Group N.V.
Netherlands-based PPF Group was founded as an investment fund. PPF Group invests in multiple market segments such as financial services, telecommunications, biotechnology, real estate and mechanical engineering. The reach of PPF Group spans from Europe to North America and across Asia. "
target: Central European Media Enterprises (CETV:$697.26)
Central European Media Enterprises (CME) is a media and entertainment company operating leading businesses in five Central and Eastern European markets. CME currently broadcasts 30 television channels in Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic, and Slovenia.
price ($mm)[EV]
$1,175 [$1,738]
rev ($mm)
$697
EBITDA ($mm)
$244
EV / rev
3.0x
EV / EBITDA
8.6x
announced 10/18/2019 via BNC Analysis

Southern Cross Austereo, will acquire Redwave Media

synopsis: Southern Cross Austereo (SCA), Australia’s biggest entertainment company, will acquire Redwave Media from Seven West Media, one of Australia’s leading integrated media companies. Redwave Media is the largest radio network in Australia. Redwave Media reaches consumers in West Australia through their RedFM and Spirit Radio networks.
buyer: Southern Cross Austereo (ASX:SXL:$410.41)
Southern Cross Austereo (SCA) is one of Australia's most progressive and exciting entertainment based media companies. They have the potential to reach over 95% of Australia across national radio, regional free to air television and digital platforms. "
target parent: Seven West Media Limited
target: Redwave Media
Redwave Media is the largest radio network in Australia. Redwave Media reaches consumers in West Australia through their RedFM and Spirit Radio networks. RedFM broadcasts rock and pop music to towns, mine sites and oil & gas platforms. Spirit Radio plays the best mix of Classic Rock and Today Hits.
price ($mm)
$28
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/18/2019 via Reuters

Seven West Media Limited, will acquire Prime Media Group Limited

synopsis: Australian free-to-air television broadcaster Seven West Media is to buy smaller Prime Media Group, an Australian-based media corporation, owner of regional television network Prime7 in eastern Australia and GWN7 in regional Western Australia.
buyer: Seven West Media Limited (ASX:SWM:$1,063.43)
Seven West Media is one of Australia’s leading integrated media companies, with a market-leading presence in broadcast television, magazine and newspaper publishing and online. The company is the home of many of Australia’s best performing media businesses and the biggest content brands. "
target: Prime Media Group Limited (ASX:PRT:$131.53)
Prime Media Group Limited is an Australian-based media corporation, owner of regional television network Prime7 in eastern Australia and GWN7 in regional Western Australia.
price ($mm)[EV]
$43 [$50]
rev ($mm)
$130
EBITDA ($mm)
$22
EV / rev
0.4x
EV / EBITDA
2.3x
announced 10/4/2019 via Company Press Release

Silver Lake Partners, will acquire TEG Pty Limited

synopsis: Silver Lake, the global leader in technology investing, will acquire TEG, Asia Pacific’s leading live entertainment and ticketing company, from Affinity Equity Partners (S) Pte Ltd and its affiliates. TEG’s integrated live entertainment platform combines ticketing and event promotion, venue management, data analytics, and marketing services.
buyer parent: SilverLake
buyer: Silver Lake Partners
Silver Lake is the global leader in technology investing, with over US $43 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London and Hong Kong. "
target parent: Affinity Equity Partners
target: TEG Pty Limited
Based in Australia, TEG is a dynamic and integrated group that promotes live sports and entertainment, provides essential ticketing, technology, and e-commerce services and is a major player in data science and analytics, digital marketing, and customer research.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Three Radio Stations


read more

Cumulus Media Inc.

Prime Media Group Limited

77 WABC Radio

Castanet.net

Original 106

Kingdom FM

Celador Radio

Lincs FM Group

Community Broadcasters, LLC

Landmark Media Investments Ltd

The E.W. Scripps Company

Communicorp Media

RNC Média Inc.

Spectrum Radio Group LLC

Apex Broadcasting, Inc.

The Montana Radio Company, LLC

Cherry Creek Media

Apex Broadcasting, Inc.

Drewry Communications Group

Schurz Communications, Inc.

read more

Cumulus Media Inc.

77 WABC Radio

KLOS-FM

Cumulus Media Inc.

Connoisseur Media

Cumulus Media Inc.

Merlin Media, LLC

WestwoodOne, Inc.

Cumulus Media Inc.

Townsquare Media Group

WFME-FM

Cumulus Media Inc.

Citadel Broadcasting Company

Cumulus Media Partners, LLC

Susquehanna Radio Corporation

read more

WAAF-FM 107.3

Pineapple Street Media

Cadence13

Cumulus Media Inc.

Entercom Communications Corporation

101.1 More FM Philly

92.5 XTU

Emmis Communications Corporation

Entercom Communications Corporation

WBZ-FM 98.5

WMJX-FM 106.7

Entercom Communications Corporation

CBS Radio, Inc.

Beasley Broadcast Group, Inc.

Cruisin' Oldies AM 950

Lincoln Financial Media

KBLX-FM

Radio One, Inc.

CBS Radio, Inc.

read more

Cumulus Media Inc.

Stitcher

WJJL-AM

Magic 105

La Crosse Media Group

Pacific Star Network Ltd

Radio 2CH Pty Ltd.

Classic Rock 100.1

Lakes Region Radio

Cumulus Media Inc.

Kalamazoo Public Schools

Radio Swiss Pop

Classic Hits 666 and Hot Hits 997

WAAF-FM 107.3

WPPB-FM

Cochise Broadcasting LLC

Central European Media Enterprises

Redwave Media

Prime Media Group Limited

TEG Pty Limited

Geography
Matching Companies
Ticker: NYSE:TSQ
 
 
 
 
 
 
 
 
Townsquare Media Group
Townsquare Media Group
Townsquare 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.
year
2017
rev ($mm)
$507.43
EBITDA ($mm)
$96.45
EBIT ($mm)
$70.76
Net Income ($mm)
Employees
2900
  • drill down
  • watch
Ticker: ASX:PRT
 
 
 
 
 
 
 
 
Prime Media Group Limited
Prime Media Group Limited
Prime Media Group Limited is an Australian-based media corporation, owner of regional television network Prime7 in eastern Australia and GWN7 in regional Western Australia.
year
2019
rev ($mm)
$131.53
EBITDA ($mm)
$21.94
EBIT ($mm)
$18.15
Net Income ($mm)
$5.05
Employees
0
  • drill down
  • watch
Ticker: UONE.K
 
 
 
 
 
 
 
 
Radio One, Inc.
Radio One, Inc.
Radio One, Inc. is the largest radio broadcasting company that targets African-American and urban listeners. Radio One owns 55 broadcast stations located in 16 urban markets in the United States.
year
2019
rev ($mm)
$444.62
EBITDA ($mm)
$131.59
EBIT ($mm)
$107.94
Net Income ($mm)
$125.77
Employees
1254
  • drill down
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Ticker: SIRI
 
 
 
 
 
 
 
 
Sirius XM Holdings Inc.
Sirius XM Holdings Inc.
Sirius XM Holdings Inc. is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription- and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S.
year
2020
rev ($mm)
$8,002.00
EBITDA ($mm)
$2,283.00
EBIT ($mm)
$1,790.00
Net Income ($mm)
$1,045.00
Employees
4534
  • drill down
  • watch
Ticker: OTCPK:IHRT.Q
 
 
 
 
 
 
 
 
iHeartMedia, Inc.
iHeartMedia, Inc.
iHeartMedia, Inc. is one of the leading global media and entertainment companies. The company specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities.
year
2019
rev ($mm)
$6,338.03
EBITDA ($mm)
$1,574.81
EBIT ($mm)
$1,081.98
Net Income ($mm)
$100.70
Employees
18300
  • drill down
  • watch
Ticker: TSE:4676
 
 
 
 
 
 
 
 
Fuji Media Holdings, Inc.
Fuji Media Holdings, Inc.
Fuji Media Holdings, Inc. is a certified broadcast holding company in Japan. Their broadcasting business produces terrestrial and satellite (BS and CS) television broadcasts, and radio broadcasts.
year
2015
rev ($mm)
$5,960.07
EBITDA ($mm)
$364.28
EBIT ($mm)
$196.01
Net Income ($mm)
$127.64
Employees
7820
  • drill down
  • watch
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
  • drill down
  • watch
Ticker: ETM
 
 
 
 
 
 
 
 
Entercom Communications Corporation
Entercom Communications Corporation
Entercom Communications Corp. is a leading media and entertainment company in the U.S., reaching and engaging more than 40 million people a week through its portfolio of highly rated stations in top markets across the country.
year
2019
rev ($mm)
$1,489.93
EBITDA ($mm)
$312.64
EBIT ($mm)
$273.57
Net Income ($mm)
Employees
6027
  • drill down
  • watch
Ticker: BME:PRS
 
 
 
 
 
 
 
 
Prisa
Prisa
PRISA is the world’s leading Spanish and Portuguese-language media group in the creation and distribution of content in the fields of culture, education, news and information, and entertainment. PRISA reaches million people through its global brands El País,LOS40, Santillana, W Radio and As.
year
2018
rev ($mm)
$1,320.53
EBITDA ($mm)
$202.03
EBIT ($mm)
$132.85
Net Income ($mm)
Employees
8785
  • drill down
  • watch
Ticker: BME:A3M
 
 
 
 
 
 
 
 
Atresmedia Corporación de Medios de Comunicación, S.A.
Atresmedia Corporación de Medios de Comunicación, S.A.
Atresmedia, together with its subsidiaries, engages in the television, radio, cinema, the Internet, and advertising businesses. The company operates 57 television channels and 31 radio stations in Germany, France, Belgium, Holland, Luxembourg, Spain, Hungary, Croatia, and the Southeast Asia.
year
2017
rev ($mm)
$1,089.90
EBITDA ($mm)
$222.76
EBIT ($mm)
$207.24
Net Income ($mm)
$145.84
Employees
1960
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Ticker: OTCPK:CMLS.Q
 
 
 
 
 
 
 
 
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
2020
rev ($mm)
$1,073.86
EBITDA ($mm)
$189.59
EBIT ($mm)
$138.83
Net Income ($mm)
$53.46
Employees
3936
  • drill down
  • watch
Ticker: SGX:T39
 
 
 
 
 
 
 
 
Singapore Press Holdings Ltd.
Singapore Press Holdings Ltd.
Singapore Press Holdings Ltd (SPH) is Southeast Asia's leading media organisation, engaging minds across multiple languages and platforms. SPH owns award-winning newspapers, magazines and best-selling books in both print and digital editions, as well as online classified businesses in the region.
year
2017
rev ($mm)
$761.58
EBITDA ($mm)
$259.03
EBIT ($mm)
$222.38
Net Income ($mm)
$148.41
Employees
4473
  • drill down
  • watch
Ticker: CETV
 
 
 
 
 
 
 
 
Central European Media Enterprises
Central European Media Enterprises
Central European Media Enterprises is a media and entertainment company. They operate 33 television channels broadcasting to 50 million people. They also own a number of radio stations and develop and produce content for their television channels.
year
2019
rev ($mm)
$697.26
EBITDA ($mm)
$244.24
EBIT ($mm)
$202.83
Net Income ($mm)
$125.29
Employees
2600
  • drill down
  • watch
Ticker: ASX:APN
 
 
 
 
 
 
 
 
APN News & Media Limited
APN News & Media Limited
APN News & Media Limited is a leading provider of outdoor advertising in Australia and New Zealand. APN publishes almost 20 daily and more than 80 non-daily newspapers, as well as over 50 websites, mobile sites and apps across Australia and New Zealand.
year
2016
rev ($mm)
$649.74
EBITDA ($mm)
$106.64
EBIT ($mm)
$85.81
Net Income ($mm)
Employees
5340
  • drill down
  • watch
Ticker: EVC
 
 
 
 
 
 
 
 
Entravision Communications Corporation
Entravision Communications Corporation
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television, radio and outdoor operations to reach approximately 75% of Hispanic consumers across the United States, as well as the border markets of Mexico.
year
2018
rev ($mm)
$545.36
EBITDA ($mm)
$302.32
EBIT ($mm)
$285.00
Net Income ($mm)
$171.87
Employees
1259
  • drill down
  • watch
Ticker: NYSE:TSQ
 
 
 
 
 
 
 
 
Townsquare Media Group
Townsquare Media Group
Townsquare 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.
year
2017
rev ($mm)
$507.43
EBITDA ($mm)
$96.45
EBIT ($mm)
$70.76
Net Income ($mm)
Employees
2900
  • drill down
  • watch
Ticker: ENXTAM:TMG
 
 
 
 
 
 
 
 
Telegraaf Media Groep N.V.
Telegraaf Media Groep N.V.
Telegraaf Media Groep N.V. (TMG) is one of the largest media companies in the Netherlands. Their publication brands include De Telegraaf, DFT, Telesport, Metro, Autovisie, Privé and VROUW. They also have radio and online video brands such as Sky Radio and Telegraaf VNDG.
year
2017
rev ($mm)
$490.06
EBITDA ($mm)
$19.69
EBIT ($mm)
$7.23
Net Income ($mm)
$1.82
Employees
1484
  • drill down
  • watch
Ticker: ENXTPA:NRG
 
 
 
 
 
 
 
 
NRJ Group
NRJ Group
NRJ GROUP is a leading group of French private media acting as an editor, producer, broadcaster. In France, NRJ is market leader in the private radio market through its four brands (NRJ, CHERIE FM, Nostalgie and Rire & Chansons), a significant player in the TV market.
year
2016
rev ($mm)
$403.76
EBITDA ($mm)
$54.25
EBIT ($mm)
$26.00
Net Income ($mm)
$29.68
Employees
1750
  • drill down
  • watch