U.S. broadcast station mergers and acquisitions (M&A) volume reached $4.31 billion in Q4 2018, closing the year with $8.87 billion in deals, according to Kagan.
The media research group, part of S&P Global Market Intelligence, reports an 8 percent increase in deal volume for U.S. broadcast station M&A in 2018 over the prior year.
In the largest deal of the quarter and of the year, Nexstar Media Group announced in December that it would acquire all of Tribune Media’s assets. Kagan estimates the broadcast assets to be worth $3.51 billion.
The second largest deal by value for the year second in deal value for the year was the $3.44 billion merger of Gray Television and Raycom Media (from Q2).