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:$1,060.90)
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:$855.79)
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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closed 2/16/2022 via Company Press Release

NZME., acquired Radio Wanaka

synopsis: New Zealand Media and Entertainment (NZME), an integrated media company in New Zealand, has acquired Radio Wanaka, a community radio station in New Zealand. Radio Wanaka provides its listeners with the local news, lost and found, road reports, community notices and job announcements, combined with a mix of hit music from the past 3 decades.
buyer: NZME. (NZSE:NZM:$231.35)
New Zealand Media and Entertainment (NZME) is an integrated media company in New Zealand. NZME operates a portfolio of market-leading newspapers, radio stations, and digital platforms. Their brands keep Kiwis in the know about what matters most to them. "
target: Radio Wanaka
Radio Wanaka is a community radio station in New Zealand. Radio Wanaka provides its listeners with the local news, lost and found, road reports, community notices and job announcements, combined with a mix of hit music from the past 3 decades.
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announced 2/10/2022 via GlobeNewswire

Spanish Broadcasting System, Inc., will acquire WPYO(FM) and WSUN(FM)

synopsis: Spanish Broadcasting System, Inc. (SBS), CXR Radio LLC, as divestiture trustee, and Cox Radio LLC announced that SBS will acquire FM radio broadcast stations WPYO(FM) and WSUN(FM), two stations serving the Orlando and Tampa radio markets.
buyer: Spanish Broadcasting System, Inc. (SBSA:$139.96)
Spanish Broadcasting System is a leading Hispanic media company that owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, and Puerto Rico, airing the Spanish Tropical, Regional Mexican, Top 40, and Latin Rhythmic format genres. "
target parent: Apollo Global Management
target: WPYO(FM) and WSUN(FM)
WPYO (95.3 FM, Power 95.3) is a radio station licensed to Florida that plays top hits. WSUN (97.1 MHz) is a commercial FM radio station, licensed to Florida, that serves the Tampa Bay Area and plays alternative and rock.
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announced 11/17/2021 via BNC Analysis

Australian Radio Network Pty Limited, will acquire Grant Broadcasters Pty. Ltd.

synopsis: Australian Radio Network (ARN), one of Australia’s most progressive and dynamic media and entertainment companies, is acquiring Grant Broadcasters, an Australian regional radio network that also includes a small number of metropolitan radio stations.
buyer parent: Here, There & Everywhere
buyer: Australian Radio Network Pty Limited
Australian Radio Network (ARN) is one of Australia’s most progressive and dynamic media and entertainment companies. ARN delivers the most complete audio experience for their listeners. Their radio brands include KIIS, Pure Gold, The Edge, and iHeartRadio. "
target: Grant Broadcasters Pty. Ltd.
Grant Broadcasters is an Australian regional radio network that also includes a small number of metropolitan radio stations.
price ($mm)
$224
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closed 10/15/2021 via BNC Analysis

BMSC Media, acquired WNAV

synopsis: BMSC Media, owned by Chris Roth and Frank Brady, have acquired WNAV, an AM radio station located in Annapolis and owned by “Wheel of Fortune” host Pat Sajak. The station primarily airs the hourly CBS News Radio and is the flagship station for the US Naval Academy's Lacrosse and Basketball teams.
buyer: BMSC Media
Chris Roth is an employee of DC radio station WTOP. Roth, a radio veteran of 31 years, worked as a WTOP Traffic reporter from 2010 to 2012. He and friend and fellow radio veteran Frank Brady will be the new owners of WNAV. Their company is BMSC Media. "
target: WNAV
WNAV is an AM radio station located in Annapolis, Maryland. While primarily a locally originated station, syndicated programming heard on WNAV includes First Light. The station also airs the hourly CBS News Radio and is the flagship station for the US Naval Academy's Lacrosse and Basketball teams.
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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 (PRT.ASX:$131.53)
Prime Media Group Limited is an Australian-based media corporation, owner of regional television network Prime7 in eastern Australia and GWN7 in regional Western Australia.
price ($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:$1,599.45)
KFAQ, KHTT, KVOO, KXBL, and KBEZ are Tulsa, Oklahoma based radio stations. These radio channels play classic hits, country music, pop music, and local and national news. These stations were owned by The E.W. Scripps Company.
price ($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

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 11/4/2020 via BNC Analysis

Major Triad Media, acquired TM Studios

synopsis: Westwood One announced that TM Studios, the famed jingle and production house it owned, was purchased by Major Triad Media, a partnership that is being run by three TM Studio veterans: Dave Bethell, Chris “UK” Stevens and General Manager Greg Clancy. TM Studio will transition from its Dallas-based home to become a multinational entity.
buyer: Major Triad Media
Major Triad Media is a partnership of three TM Studios figures – creative director Dave Bethell, Chris “UK” Stevens, and jingle icon and current general manager Greg Clancy. "
target parent: Cumulus Media Inc.
target: TM Studios
Dallas based TM Studios creates, produces and distributes music based products for all media and comedy & prep material for radio stations. Product lines include music compilation libraries and weekly new music distribution services, commercial production & imaging music, commercial jingles.
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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:$855.79)
The assets acquired from Cumulus Media include News/Talk WALG-AM 1590 and silent FM translator W257ED at 99.3 MHz in Albany, GA.; Class A WQVE-FM 101.7 in Albany, GA.; Class C1 WKAK-FM 104.5 in Albany, GA.; Class C3 WJAD-FM 103.5 in Leesburg, GA.; and Class C3 WEGC-FM 107.7 in Sasser, GA.
price ($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:$855.79)
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:$855.79)
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:$1,060.90)
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:$855.79)
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:$855.79)
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:$855.79)
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:$417.96)
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:$855.79)
Cumulus Media's 53 radio stations are in 12 small to mid-size markets, including Battle Creek, Kalamazoo and Lansing.
price ($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:$855.79)
Cumulus Media is swapping 15 radio stations in two markets: Dubuque, IA and Poughkeepsie, NY. "
seller: Townsquare Media Group (NYSE:TSQ:$417.96)
Townsquare Media Group's five radio stations are in Fresno, CA.
price ($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:$855.79)
Cumulus Media is the largest pure-play radio broadcaster in the US with approximately 525 stations in 110 markets, a fully-distributed programming network serving more than 4,500 affiliates nationwide and SweetJack, the local deals platform. "
target parent: Family Radio
target: WFME-FM
WFME-FM is religious a radio station on 94.7 FM licensed to Newark, New Jersey. The studio, office and transmitter are located in West Orange, New Jersey and is shared with sister station WFME-TV (channel 66).
price ($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:$417.96)
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:$855.79)
Cumulus Media is the largest pure-play radio broadcaster in the United States, and owns or operates more than 570 radio stations in 120 markets and a nationwide radio network serving over 4000 stations. Cumulus Media’s headquarters are in Atlanta, Georgia.
price ($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:$855.79)
Cumulus Media Inc. is the second largest radio broadcaster in the United States based on station count, controlling approximately 345 radio stations in 67 U.S. media markets. "
target parent: Forstmann Little & Co.
target: Citadel Broadcasting Company
Citadel Broadcasting is the largest pure play radio company in the United States. With a strong national footprint reaching more than 50 of the nation’s leading markets, the company is comprised of 165 FM stations and 58 AM stations.
price ($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:$855.79)
Cumulus Media Inc. is the second largest radio broadcaster in the United States based on station count, controlling approximately 345 radio stations in 67 U.S. media markets. "
target: Cumulus Media Partners, LLC
Cumulus Media Partners, LLC owns and operates radio broadcasting stations. The company, through its AM and FM radio stations, serves listeners, communities, advertisers, and agencies in Dallas, Houston, Atlanta, Cincinnati, Indianapolis and Kansas City.
price ($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:$16,433.94)
buyer: Cumulus Media Inc. (OTCPK:CMLS.Q:$855.79)
Founded in 1984, Bain Capital's primary aim is to acquire or invest in companies that have excellent potential for equity appreciation. Bain Capital's approach is to develop partnerships with exceptional management teams. "
target: Susquehanna Radio Corporation
Susquehanna Radio is the largest privately owned radio broadcasting company in the United States and the 11th largest radio station operator in terms of revenue. The group consists of 33 radio stations in eight markets.
price ($mm)
$1,200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/10/2021 via BusinessWire

Entercom Communications Corporation, acquired Podcorn Media, Inc.

synopsis: Entercom, home to premium podcast companies Cadence13 and Pineapple Street Studios, announced the acquisition of Podcorn, the largest marketplace for brands to find and collaborate with the most relevant podcasters to create native advertising and branded content at scale.
buyer: Entercom Communications Corporation (ETM:$1,060.90)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 170 million people each month through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
target: Podcorn Media, Inc.
Created by the founders of FameBit, an influencer marketing platform acquired by Google, Podcorn is a self-service marketplace connecting podcasters with advertisers for native sponsorships.
price ($mm)
$15
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/10/2020 via BusinessWire

Entercom Communications Corporation, acquired QL Gaming Group

synopsis: Entercom Communications Corp. has closed on the acquisition of the QL Gaming Group, a direct to consumer sports data and iGaming affiliate platform. QLGG’s mission is to educate sports fans through data-driven products. They offer products for sports betting, daily fantasy sports, and season long fantasy sports.
buyer: Entercom Communications Corporation (ETM:$1,060.90)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 170 million people each month through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
target: QL Gaming Group
The QL Gaming Group (QLGG) is a direct to consumer sports data and iGaming affiliate platform. QLGG’s mission is to educate sports fans through data-driven products. They offer products for sports betting, daily fantasy sports, and season long fantasy sports.
price ($mm)
$32
rev ($mm)
$12
EBITDA ($mm)
EV / rev
2.7x
EV / EBITDA
announced 11/5/2020 via PR Newswire

Urban One, Inc., will purchase 3 Radio Stations from Entercom Communications Corporation

synopsis: Urban One, Inc. is to acquire WLNK-FM (Adult Contemporary); WBT-AM & FM (News Talk Radio); and WFNZ-AM & 102.5 FM Translator (Sports Radio) from Entercom Communications Corp., a leading American media and entertainment company.
buyer: Urban One, Inc. (ROIAK:$387.79)
Urban One, Inc., formerly known as Radio One, Inc., together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. "
seller: Entercom Communications Corporation (ETM:$1,060.90)
The acquisition includes WLNK-FM (Adult Contemporary); WBT-AM & FM (News Talk Radio); and WFNZ-AM & 102.5 FM Translator (Sports Radio). Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 170 million people each month.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/5/2020 via PR Newswire

Entercom Communications Corporation, will purchase 3 Radio Stations from Urban One, Inc.

synopsis: Entercom is to acquire multiple radio stations from Urban One, including St. Louis, WHHL-FM (Urban Contemporary); Philadelphia, WPHI-FM (Urban Contemporary); and Washington, DC, WTEM-AM (flagship station of the Washington Football Team); as well as the intellectual property of its St. Louis radio station, WFUN-FM (Adult Urban Contemporary).
buyer: Entercom Communications Corporation (ETM:$1,060.90)
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: Urban One, Inc. (ROIAK:$387.79)
The acquisition includes St. Louis, WHHL-FM (Urban Contemporary); Philadelphia, WPHI-FM (Urban Contemporary); and Washington, DC, WTEM-AM (flagship station of the Washington Football Team); as well as the intellectual property its St. Louis radio station, WFUN-FM (Adult Urban Contemporary).
price ($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 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:$1,060.90)
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:$855.79)
The acquisition includes NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc. Cumulus Media is a leader in the radio broadcasting industry.
price ($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:$1,060.90)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 100 million people each week through its premier collection of highly rated, award winning radio stations, digital platforms and live events.
price ($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:$1,060.90)
Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 100 million people each week through its premier collection of highly rated, award winning radio stations, digital platforms and live events. "
target: 101.1 More FM Philly
WBEB (101.1 More FM) is a commercial FM radio station licensed to serve Philadelphia, Pennsylvania. The station broadcasts an Adult Contemporary format, switching to all-Christmas music between mid-November and December 25 of each year.
price ($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:$1,060.90)
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:$3,038.76)
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:$1,060.90)
The four Boston radio stations include WBZ-AM, WZLX-FM, WKAF-FM, and WRKO-AM. Entercom Communications is a leading media and entertainment company in the U.S., reaching and engaging more than 40 million people a week through its portfolio of highly rated stations in top markets across the country.
price ($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:$1,060.90)
Entercom Communications Corp. is a leading media and entertainment company in the U.S., reaching and engaging more than 40 million people a week through its portfolio of highly rated stations in top markets across the country. "
target parent: Beasley Broadcast Group, Inc.
target: WMJX-FM 106.7
WMJX-FM Magic 106.7 is a radio station in Boston, MA. Magic 106.7 plays music from the hottest new artists today, along with yesterday's favorite songs.
price ($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:$1,060.90)
The three radio stations include KSWD-FM 100.3 The Sound in Los Angeles, KSOQ-FM 92.1 in San Diego and WGGI-FM 95.9 in Wilkes-Barre. KSWD-FM broadcasts a classic rock format. KSOQ-FM and WGGY (101.3 FM, "Froggy 101") broadcast country music.
price ($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:$1,060.90)
Entercom Communications Corp. is the fourth-largest radio broadcasting company in the U.S., reaching and engaging more than 40 million people a week through its 127 highly rated stations in 27 top markets across the country. "
target parent: CBS Corporation
target: CBS Radio, Inc.
CBS RADIO is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. CBS RADIO produces original audio and video content, live events and exclusive programming distributed on-air, online and on mobile platforms.
price ($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:$1,060.90)
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:$1,060.90)
Entercom Communications Corp., led by President and CEO David Field, is one of the largest radio broadcasting companies in the United States, with a nationwide portfolio of over 100 stations in 23 markets. Entercom is home to some of radio's most distinguished brands and compelling personalities. "
target parent: Lincoln Financial Group
target: Lincoln Financial Media
Lincoln Financial Media is a wholly owned subsidiary of Lincoln Financial Group an insurance and financial services company. Beginning with its first radio station in 1934, Lincoln Financial Media boasts 16 radio stations, all in top 20 markets.
price ($mm)
$105
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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:$1,060.90)
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:$855.79)
The acquisition includes NASH FM 94.7 in New York City, and the stations WMAS and WHLL in Springfield, MA from Cumulus Media Inc. Cumulus Media is a leader in the radio broadcasting industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/14/2022 via BNC Analysis

Curtis Media Group, acquired Country Superstars 102.3

synopsis: Curtis Media Group, the largest broadcasting company in North Carolina, has acquired Country Superstars 102.3 from Triangle Marketing Associates, a company that owns and operates radio stations. Country Superstars 102.3 is a country music radio station in North Carolina that a broadcasts a variety of country music to the Johnston and Wake counties.
buyer: Curtis Media Group
Founded in 1968, Curtis Media Group (CMG) began its adventure in broadcasting in Cherryville, NC with WCSL-AM. Over the years CMG has grown and developed into the largest single-shareholder radio broadcasting company in the country. CMG is home to 57 AM and FM radio signals across the state. "
target parent: Triangle Marketing Associates
target: Country Superstars 102.3
Country Superstars 102.3 is a country music radio station in North Carolina. Country Superstars 102.3 plays mostly the great hits from the past, with a few current hits every now and then. They broadcast a variety of country music to the Johnston and Wake counties.
price ($mm)
$2.08
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/24/2022 via PR Newswire

Townsquare Media Group, will acquire Cherry Creek Media

synopsis: Townsquare Media has executed definitive documentation to acquire Cherry Creek Broadcasting LLC, the country’s premier small market radio, events and digital marketing company. Their 43 radio stations serve their local markets in the Rocky Mountain Region, Upper Midwest, Northwest and Southwest.
buyer: Townsquare Media Group (NYSE:TSQ:$417.96)
Townsquare is a community-focused digital media and digital marketing solutions company with market leading local radio stations, principally focused outside the top 50 markets in the U.S. "
target: Cherry Creek Media
Cherry Creek Media is the country’s premier small market radio, events and digital marketing company. Their 43 radio stations serve their local markets in the Rocky Mountain Region, Upper Midwest, Northwest and Southwest.
price ($mm)
$19
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/23/2022 via BNC Analysis

Audacy, Inc., acquired WAMO 107.3

synopsis: Audacy, Inc., a publicly traded American multi-platform audio content and entertainment organization based in Philadelphia, announced it has acquired WAMO Pittsburgh’s intellectual property and format from Martz Communications Group. WAMO is considered the only urban, hip-hop station in the Pittsburgh radio market.
buyer: Audacy, Inc. (NYSE:AUD:$1,219.40)
Audacy, Inc. is a publicly traded American multi-platform audio content and entertainment organization based in Philadelphia, Pennsylvania. Founded in 1968, it is the second largest radio company in the United States, owning 235 radio stations across 48 media markets. "
target parent: Martz Communications Group
target: WAMO 107.3
WAMO is a radio station serving the Pittsburgh, Pennsylvania market. WAMO is considered the only urban, hip-hop station in the Pittsburgh radio market and is known for having artists like Drake, Kanye West and Lil Nas X as integral parts of its stable of artists.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/16/2022 via Company Press Release

NZME., acquired Radio Wanaka

synopsis: New Zealand Media and Entertainment (NZME), an integrated media company in New Zealand, has acquired Radio Wanaka, a community radio station in New Zealand. Radio Wanaka provides its listeners with the local news, lost and found, road reports, community notices and job announcements, combined with a mix of hit music from the past 3 decades.
buyer: NZME. (NZSE:NZM:$231.35)
New Zealand Media and Entertainment (NZME) is an integrated media company in New Zealand. NZME operates a portfolio of market-leading newspapers, radio stations, and digital platforms. Their brands keep Kiwis in the know about what matters most to them. "
target: Radio Wanaka
Radio Wanaka is a community radio station in New Zealand. Radio Wanaka provides its listeners with the local news, lost and found, road reports, community notices and job announcements, combined with a mix of hit music from the past 3 decades.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/10/2022 via GlobeNewswire

Spanish Broadcasting System, Inc., will acquire WPYO(FM) and WSUN(FM)

synopsis: Spanish Broadcasting System, Inc. (SBS), CXR Radio LLC, as divestiture trustee, and Cox Radio LLC announced that SBS will acquire FM radio broadcast stations WPYO(FM) and WSUN(FM), two stations serving the Orlando and Tampa radio markets.
buyer: Spanish Broadcasting System, Inc. (SBSA:$139.96)
Spanish Broadcasting System is a leading Hispanic media company that owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, and Puerto Rico, airing the Spanish Tropical, Regional Mexican, Top 40, and Latin Rhythmic format genres. "
target parent: Apollo Global Management
target: WPYO(FM) and WSUN(FM)
WPYO (95.3 FM, Power 95.3) is a radio station licensed to Florida that plays top hits. WSUN (97.1 MHz) is a commercial FM radio station, licensed to Florida, that serves the Tampa Bay Area and plays alternative and rock.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/5/2022 via PR Newswire

Cordiant Digital Infrastructure Limited, will acquire Emitel S.A.

synopsis: Cordiant Digital Infrastructure Limited announced that its wholly-owned subsidiary has signed a binding agreement to acquire Emitel S.A. from its shareholder - Alinda Capital Partners. Emitel is a leading terrestrial TV and radio broadcast infrastructure operator in Poland.
buyer: Cordiant Digital Infrastructure Limited (LSE:CORD:$0.00)
Cordiant Digital is a specialist investment company focused on investing in digital infrastructure assets in Europe and North America. "
target parent: Alinda Capital Partners
target: Emitel S.A.
Emitel is a leading terrestrial TV and radio broadcast infrastructure operator in Poland. Thanks to them, all Polish homes have been able to receive TV signals for over 50 years now — only analog signals at the beginning and digital signals since 2013.
price ($mm)
$477
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/17/2021 via BNC Analysis

Australian Radio Network Pty Limited, will acquire Grant Broadcasters Pty. Ltd.

synopsis: Australian Radio Network (ARN), one of Australia’s most progressive and dynamic media and entertainment companies, is acquiring Grant Broadcasters, an Australian regional radio network that also includes a small number of metropolitan radio stations.
buyer parent: Here, There & Everywhere
buyer: Australian Radio Network Pty Limited
Australian Radio Network (ARN) is one of Australia’s most progressive and dynamic media and entertainment companies. ARN delivers the most complete audio experience for their listeners. Their radio brands include KIIS, Pure Gold, The Edge, and iHeartRadio. "
target: Grant Broadcasters Pty. Ltd.
Grant Broadcasters is an Australian regional radio network that also includes a small number of metropolitan radio stations.
price ($mm)
$224
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/15/2021 via BNC Analysis

BMSC Media, acquired WNAV

synopsis: BMSC Media, owned by Chris Roth and Frank Brady, have acquired WNAV, an AM radio station located in Annapolis and owned by “Wheel of Fortune” host Pat Sajak. The station primarily airs the hourly CBS News Radio and is the flagship station for the US Naval Academy's Lacrosse and Basketball teams.
buyer: BMSC Media
Chris Roth is an employee of DC radio station WTOP. Roth, a radio veteran of 31 years, worked as a WTOP Traffic reporter from 2010 to 2012. He and friend and fellow radio veteran Frank Brady will be the new owners of WNAV. Their company is BMSC Media. "
target: WNAV
WNAV is an AM radio station located in Annapolis, Maryland. While primarily a locally originated station, syndicated programming heard on WNAV includes First Light. The station also airs the hourly CBS News Radio and is the flagship station for the US Naval Academy's Lacrosse and Basketball teams.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/6/2021 via GlobeNewswire

Stingray Digital Media Group, acquired Calm Radio

synopsis: Stingray Group Inc., a leading Canadian music, media, and technology company, has acquired Toronto-based Calm Radio, the world’s largest online music streaming service focused on the wellness and relaxation markets. With this acquisition, Stingray grows its portfolio of curated music content and dives into the health and wellness industry.
buyer: Stingray Digital Media Group (TSX:RAY.A:$211.31)
Montreal-based Stingray is a leading music, media, and technology company with over 1,000 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, more than 100 radio stations, 4K UHD television channels, and more. "
target: Calm Radio
Based in Toronto, Calm Radio is an online radio station that provides its users with music for a healthier lifestyle. They are the world’s largest provider of life-enhancing music with an emphasis on focus, relaxation, mindfulness, and sleep music.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/17/2021 via BNC Analysis

Sony Music Entertainment Inc., acquired Somethin’ Else

synopsis: Sony Music Entertainment has announced the acquisition of Somethin’ Else. Specializing in audio, entertainment, music and arts content, Somethin’ Else is the UK’s largest independent podcast and audio producer and the BBC’s biggest independent producer of programs, covering a variety of music genres and flagship speech shows for the broadcaster.
buyer parent: Sony Corporation
buyer: Sony Music Entertainment Inc.
Sony Music Entertainment is a global recorded music company with a current roster that includes a broad array of both local artists and international superstars. The company boasts a vast catalog that comprises some of the most important recordings in history. "
target: Somethin’ Else
Specializing in audio, entertainment, music and arts content, Somethin’ Else is the UK’s largest independent podcast and audio producer and the BBC’s biggest independent producer of programs, covering a variety of music genres and flagship speech shows for the broadcaster.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/12/2021 via GlobeNewswire

ReelTime, acquired Loudmouth News

synopsis: Conservative Broadcast Media & Journalism, has sold 100% of LoudMouth Media Inc. to ReelTime Media, one of the nation’s top canna-related media companies. Loudmouth News is the first syndicated terrestrial radio news program that focuses on the news relating to the marijuana industry.
buyer: ReelTime (K:RLTR:$0.00)
ReelTime Rentals, Inc. DBA ReelTime VR is a publicly traded company based in Seattle, WA. ReelTime is in the business of developing, producing, and distributing Virtual Reality Content and technologies. "
target parent: Conservative Broadcast Media & Journalism
target: Loudmouth News
LoudMouth Media, Inc. is one of the nation’s top canna-related media companies. Loudmouth News is the first syndicated terrestrial radio news program that focuses on the news relating to the marijuana industry.
price ($mm)
$0.19
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/31/2021 via BNC Analysis

DraftKings, acquired VSiN

synopsis: DraftKings, the largest, US-based online gaming destination where players engage in daily fantasy sports competitions, has bought Vegas Sports Information Network (VSiN), an American sports betting news, analysis and data radio network and streaming television channel.
buyer: DraftKings (DKNG:$1,296.03)
DraftKings, Inc. is the largest, US-based online gaming destination where players engage in daily fantasy sports competitions across fantasy football, baseball, golf, basketball, hockey, and college football and basketball. "
target: VSiN
Vegas Sports Information Network (VSiN) is an American sports betting news, analysis and data radio network and streaming television channel.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/25/2021 via BNC Analysis

Bauer Media Group, will acquire Communicorp Media

synopsis: Bauer Media, a German multimedia conglomerate, has entered into an agreement to buy Irish-based Communicorp Group, a premier media company and home to some of Europe's leading commercial media brands.
buyer: Bauer Media Group
Germany-based Bauer Media Group is a media corporation focused on creating content that matters most to millions of people around the world: from print and online publishing to radio and money-helper services for consumers, as well as sales and marketing services for SMB. "
target: 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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/1/2021 via GlobeNewswire

Gray Television, Inc., will acquire Quincy Media

synopsis: Quincy Media, Inc. has approved the sale of the stock of the company to Gray Television, Inc. a public media company headquartered in Atlanta, Georgia. Quincy Media, Inc. is a family-owned media company that owns and operates television stations in 16 markets, newspapers in two markets, radio in one and digital platforms in all.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a leading media company that owns and operates high-quality stations in 94 television markets. With a rich history of over a century and more than 70 years of broadcast television specific expertise, Gray Television delivers meaningful content to millions of viewers each day. "
target: Quincy Media
Quincy Media, Inc., formerly known as Quincy Newspapers, Inc., is a family-owned media company that owns and operates television stations in 16 markets, newspapers in two markets, radio in one and digital platforms in all. Their broadcast footprint covers much of the upper Midwest.
price ($mm)
$925
rev ($mm)
EBITDA ($mm)
$134
EV / rev
EV / EBITDA
6.9x
announced 12/30/2020 via BNC Analysis

Educational Media Foundation, Inc., will acquire WCDD-FM 107.9

synopsis: Education Media Foundation, an American nonprofit Christian media ministry, is acquiring WCDD Country 107.9, a radio station broadcasting a country music format. It is licensed to Canton, Illinois and serves the Peoria radio market. Their sister station, WBYS, broadcasts St. Louis Cardinal baseball.
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: WCDD-FM 107.9
WCDD (107.9 MHz FM, CD Country 107.9) is a radio station broadcasting a country music format. It is licensed to Canton, Illinois and serves the Peoria radio market. Their sister station, WBYS, broadcasts St. Louis Cardinal baseball.
price ($mm)
$0.17
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/2/2020 via Company Press Release

Stuart McWhorter, acquired Kentucky Sports Radio

synopsis: The website KentuckySportsRadio.com has been acquired by Stuart McWhorter. Stuart McWhorter was one of the founding investors and directors in 247Sports prior to its acquisition. Kentucky Sports Radio provides sports broadcasting services focusing on the University of Kentucky.
buyer: Stuart McWhorter
Stuart McWhorter is one of the founders of the 247Sports website network and has also worked for Clayton Associates, FirstBank of Tennessee, Haven Behavioral Healthcare, MedEquities Healthcare REIT, JumpStart Foundry, Nashville Entrepreneur Center and Lee Company. "
target: Kentucky Sports Radio
Kentucky Sports Radio provides sports broadcasting services focusing on the University of Kentucky. It provides online and on- air sports information of basketball, football, and other UK sports. The company was founded in 2005 and is based in Lexington, Kentucky.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/5/2020 via PR Newswire

Urban One, Inc., will purchase 3 Radio Stations from Entercom Communications Corporation

synopsis: Urban One, Inc. is to acquire WLNK-FM (Adult Contemporary); WBT-AM & FM (News Talk Radio); and WFNZ-AM & 102.5 FM Translator (Sports Radio) from Entercom Communications Corp., a leading American media and entertainment company.
buyer: Urban One, Inc. (ROIAK:$387.79)
Urban One, Inc., formerly known as Radio One, Inc., together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. "
seller: Entercom Communications Corporation (ETM:$1,060.90)
The acquisition includes WLNK-FM (Adult Contemporary); WBT-AM & FM (News Talk Radio); and WFNZ-AM & 102.5 FM Translator (Sports Radio). Entercom Communications Corp. is a leading American media and entertainment company reaching and engaging over 170 million people each month.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/16/2020 via BNC Analysis

Alex Fane, acquired Fane Productions Ltd.

synopsis: Literary events production company Fane Productions has become independent, after its founder Alex Fane sealed a reaquisition of the 80% majority stake from Original Talent. The company focuses on hosting events revolving around literature, podcasts, the stage and screen.
buyer: Alex Fane
Alex Fane is a 25-year-old entrepreneur that formed Fane Productions in February 2017. Fane Productions is one of the UK’s fastest growing and most dynamic production companies. "
target parent: Original Talent Limited
target: Fane Productions Ltd.
Fane Productions operates as a unique one-stop shop for top talent from across the global entertainment industry. The company focuses on hosting events revolving around literature, podcasts, the stage and screen and is based in London.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/24/2020 via BNC Analysis

Educational Media Foundation, Inc., will acquire SPIRIT 105.9

synopsis: Educational Media Foundation, a radio broadcasting company, will acquire KFMK (105.9 FM, "Spirit 105.9"), an Austin, Texas radio station operating a Contemporary Christian format, from CRISTA Media, part of the CRISTA family of ministries.
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: CRISTA Media
target: SPIRIT 105.9
KFMK (105.9 FM, "Spirit 105.9") is an Austin, Texas radio station operating a Contemporary Christian format.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Three Radio Stations


read more

Cumulus Media Inc.

Radio Wanaka

WPYO(FM) and WSUN(FM)

Grant Broadcasters Pty. Ltd.

WNAV

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.

Cherry Creek Media

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TM Studios

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

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Podcorn Media, Inc.

QL Gaming Group

Entercom Communications Corporation

Urban One, Inc.

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

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Cumulus Media Inc.

Country Superstars 102.3

Cherry Creek Media

WAMO 107.3

Radio Wanaka

WPYO(FM) and WSUN(FM)

Emitel S.A.

Grant Broadcasters Pty. Ltd.

WNAV

Calm Radio

Somethin’ Else

Loudmouth News

VSiN

Communicorp Media

Quincy Media

WCDD-FM 107.9

Kentucky Sports Radio

Entercom Communications Corporation

Fane Productions Ltd.

SPIRIT 105.9

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
2021
rev ($mm)
$417.96
EBITDA ($mm)
$101.39
EBIT ($mm)
$82.30
Net Income ($mm)
$16.74
Employees
2340
  • drill down
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Ticker: SBSA
 
 
 
 
 
 
 
 
Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc. (SBS) is the largest publicly traded Hispanic-controlled media and entertainment company in the United States. SBS owns 17 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico.
year
2021
rev ($mm)
$139.96
EBITDA ($mm)
$38.88
EBIT ($mm)
$35.74
Net Income ($mm)
Employees
376
  • drill down
  • watch
Ticker: ROIAK
 
 
 
 
 
 
 
 
Urban One, Inc.
Urban One, Inc.
Urban One, Inc., formerly known as Radio One, Inc., together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States.
year
2020
rev ($mm)
$387.79
EBITDA ($mm)
$107.93
EBIT ($mm)
$96.85
Net Income ($mm)
Employees
1220
  • drill down
  • watch
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
2022
rev ($mm)
$8,824.00
EBITDA ($mm)
$2,779.00
EBIT ($mm)
$2,196.00
Net Income ($mm)
Employees
  • 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: TSX:QBR.B
 
 
 
 
 
 
 
 
Quebecor Inc.
Quebecor Inc.
Quebecor Inc., a Canadian leader in telecommunications, news media, entertainment and culture, is one of the best-performing integrated communications companies in the industry. Their subsidiaries are engaged in broadcasting, publishing, music retailing, game development, and more.
year
2018
rev ($mm)
$3,145.06
EBITDA ($mm)
$1,194.34
EBIT ($mm)
$707.05
Net Income ($mm)
$253.34
Employees
10158
  • drill down
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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
2020
rev ($mm)
$3,038.76
EBITDA ($mm)
$442.84
EBIT ($mm)
$48.38
Net Income ($mm)
Employees
11400
  • drill down
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Ticker: RCSM.MI
 
 
 
 
 
 
 
 
RCS MediaGroup
RCS MediaGroup
RCS MediaGroup is a multimedia publishing group that operates in daily newspapers, magazines and books, radio broadcasting, new media and digital TV. It is also one of the leading operators in the advertisement sales & distribution markets.
year
2013
rev ($mm)
$1,988.19
EBITDA ($mm)
$37.78
EBIT ($mm)
($69.92)
Net Income ($mm)
Employees
4134
  • 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: NYSE:AUD
 
 
 
 
 
 
 
 
Audacy, Inc.
Audacy, Inc.
Audacy, Inc. is a publicly traded American multi-platform audio content and entertainment organization based in Philadelphia, Pennsylvania. Founded in 1968, it is the second largest radio company in the United States, owning 235 radio stations across 48 media markets.
year
2021
rev ($mm)
$1,219.40
EBITDA ($mm)
$138.78
EBIT ($mm)
$95.79
Net Income ($mm)
Employees
4234
  • drill down
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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
2020
rev ($mm)
$1,060.90
EBITDA ($mm)
$80.79
EBIT ($mm)
$38.31
Net Income ($mm)
Employees
4781
  • 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
2021
rev ($mm)
$1,001.05
EBITDA ($mm)
$129.51
EBIT ($mm)
$116.80
Net Income ($mm)
$72.32
Employees
2467
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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)
$855.79
EBITDA ($mm)
$83.37
EBIT ($mm)
$31.77
Net Income ($mm)
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
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Ticker: EVC
 
 
 
 
 
 
 
 
Entravision Communications Corporation
Entravision Communications Corporation
Entravision is a diversified global media, data and advertising technology company that reaches and engages Latino consumers in the U.S. and other markets. Entravision's portfolio includes television and radio stations, digital media properties and advertising technology platforms.
year
2021
rev ($mm)
$697.98
EBITDA ($mm)
$98.66
EBIT ($mm)
$77.06
Net Income ($mm)
$45.75
Employees
1001
  • drill down
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Ticker: ASX:APN
 
 
 
 
 
 
 
 
Here, There & Everywhere
Here, There & Everywhere
Here, There & Everywhere (HT&E), formerly known as APN News & Media, is an Australian media company. HT&E operates radio, audio and digital businesses in Australia as well as outdoor assets in Hong Kong. Their businesses include the Australian Radio Network, Emotive, and Cody.
year
2016
rev ($mm)
$649.74
EBITDA ($mm)
$106.64
EBIT ($mm)
$85.81
Net Income ($mm)
Employees
5340
  • drill down
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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
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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
2021
rev ($mm)
$417.96
EBITDA ($mm)
$101.39
EBIT ($mm)
$82.30
Net Income ($mm)
$16.74
Employees
2340
  • drill down
  • watch