{"id":8834,"date":"2018-07-03T11:08:50","date_gmt":"2018-07-03T15:08:50","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/u-s-broadcast-station-ma-volume-sets-ten-year-record\/"},"modified":"2018-07-09T15:11:04","modified_gmt":"2018-07-09T19:11:04","slug":"u-s-broadcast-station-ma-volume-sets-ten-year-record","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/u-s-broadcast-station-ma-volume-sets-ten-year-record\/","title":{"rendered":"U.S. Broadcast Station M&A Volume Sets 11-Year Record"},"content":{"rendered":"

U.S. broadcast station mergers and acquisitions (M&A) volume reached $5.11 billion in the second quarter, the largest quarterly deal volume since the second quarter of 2007, according to Kagan.<\/p>\n

Of this, 98 percent of the volume ($5.01 billion) is attributable to TV station sales. On June 25, Gray Television announced the acquisition of Raycom Media for $3.65 billion. Including translators, Raycom owns the licenses for 49 full-power and eight low-power TV stations and provides programming for an additional 14 stations. Kagan estimates the value of the TV stations at $3.44 billion, making this the eighth-largest U.S. TV station deal of all time and the largest since last year\u2019s merger of Tribune Media Company and Sinclair Broadcast Group.<\/p>\n

The Sinclair\/Tribune merger required a number of spin-offs to comply with FCC ownership caps. After a first station divestiture in March for $60 million, 22 more stations were sold to five different buyers in April and May to meet FCC ownership caps. Those five deals amounted to a total of $1.48 billion. The largest parts of the spin-offs were the sale of seven stations to 21st Century Fox for $910 million and the transfer of nine stations to Standard Media Group for $441.7 million. Meredith Corporation also bought one station for $65 million, Howard Stirk Holdings paid $4.95 million for three stations, and two licenses were transferred to local marketing agreement partner Cunningham Broadcasting Corporation for $60 million.<\/p>\n

The only other large TV transactions were Gray Television\u2019s $32.5 million purchase of KDLT-TV in Sioux Falls, South Dakota, from Red River Broadcast Co., and the $11.5 million sale of WMDE-DT in Washington, D.C., from Western Pacific Broadcast to WRNN-TV Associates.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. broadcast station mergers and acquisitions (M&A) volume reached $5.11 billion in the second quarter, the largest quarterly deal volume since the second quarter of 2007, according to Kagan.<\/p>\n","protected":false},"author":350,"featured_media":8835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75,69],"tags":[1270],"class_list":["post-8834","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-analysis","category-top-stories","tag-kagan"],"yoast_head":"\nU.S. Broadcast Station M&A Volume Sets 11-Year Record - TVUSA<\/title>\n<meta name=\"description\" content=\"U.S. broadcast station mergers and acquisitions (M&A) volume reached $5.11 billion in the second quarter, the largest quarterly deal volume since the second quarter of 2007, according to Kagan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvusa\/u-s-broadcast-station-ma-volume-sets-ten-year-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Broadcast Station M&A Volume Sets 11-Year Record - 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