press-release Market Intelligence /marketintelligence/en/media-center/press-release/broadcast-ma-market-in-q4-dominated-by-tv-deals content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

Broadcast M&A market in Q4 dominated by TV deals

Radio accounts for $51.9 million and TV for $848.1 million in Q4 2019 deal volume

Monterey, Calif., Jan. 03 2020 — U.S. broadcast station mergers and acquisitions (M&A) volume reached a total of $900.0 million in the fourth quarter of 2019 as tracked by Kagan, a media research group within S&P Global Market Intelligence. The TV market registered two transactions above the $100 million mark and a number of mid-sized deals. The radio market delivered its lowest quarterly deal volume since the second quarter of 2016.

The largest TV deal of the quarter was announced in November. Fox Corp. agreed to pay $352 million to Nexstar Media Group Inc. for three stations in in Seattle and Milwaukee. Nexstar acquired the stations as part of its Tribune Media deal, which closed in September. In return, Nexstar will receive two Fox-owned stations in the Charlotte, N.C., market for $45 million.

The second-largest TV deal took place in October, when Allen Media Broadcasting, the broadcasting division of Entertainment Studios Inc., announced an agreement with USA Television Holdings LLC and USA Television MidAmerica Holdings LLC to acquire 11 TV stations in nine small markets for $290.0 million.

In the fourth quarter's third-largest deal, in December, NRJ Holdings LLC announced the sale of seven DTV stations and one Class-A station to RNN National LLC for $81.2 million.

The radio market registered three deals between $3 million and $5 million. On Dec. 30, TEGNA Inc. announced the sale of AM/FM combo KFMB in San Diego to Local Media San Diego Acquisition LLC for $5.0 million.

McKibbin Media Group Inc. announced the purchase of three stations in Michigan's Lansing-East Lansing market from Jackson Radio Works Inc. for $3.8 million. Horne Broadcasting LLC is buying five stations and one translator in the Fayetteville, Ark., market from Carroll County Broadcasting Inc. and Hog Radio Inc. for $3.4 million.

The year closed with a total deal volume of $7.71 billion. Radio registered a deal volume of $1.26 billion, 54% more than in 2018, and TV announcements totaled $6.52 billion, 17% less than in 2018.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we know that not all information is important—some of it is vital. We integrate financial and industry data, research and news into tools that help clients track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities globally can gain the intelligence essential to making business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). For more information, visit www.spglobal.com.

Learn more about Market Intelligence
Request Demo

Media Contact

Amanda Oey, S&P Global Market Intelligence
P.   (212) 438-1904
E. amanda.oey@spglobal.com

Subscribe to Press Releases

Submitting your email above means you agree to the Terms and have read and understood the Privacy Policy