TV Deals Slow, Impacted By FCC Spectrum Auction

In the third quarter, TV stations deals registered the lowest dollar volume since the first quarter of 2010.

SNL Kagan says TV station deal volume was $16.8 million in the third quarter, and that the lower third-quarter results are affected by FCC decision-making on TV station deals, due to the ongoing spectrum auction.

Through the first nine months of 2016, TV station dollar-deal volume was $5.3 billion -- which includes the big $4.61 billion deal that Nexstar Broadcasting made for Media General in the first quarter. A year ago, the first nine months amounted to $2.75 billion TV station deal volume through the same period. 

The biggest third-quarter deal was a refiling. Calkins Media’s WAAY-TV in Huntsville, Alabama was originally to be sold to Raycom Media Inc. together with Calkins’ other two ABC stations for $82 million. Now Alabama TV LLC has agreed to acquire WAAY-TV. 

Total broadcast TV station deals amassed $1.3 billion a year ago; $7.3 billion in 2014, and $11.4 billion in 2013. In 2010. In the midst of the big recession -- TV station deals totaled $175 million, rising the next year to $1.2 billion.



Radio stations amassed $293.1 million in deals in the third quarter and $418 million in deals through the first nine months. A large part of the third quarter results -- 82% -- came from an pending merge of Beasley Broadcast Group and Greater Media.

In all of 2015, radio stations deals totaled $827 million; $1.5 billion in 2014, and $1.0 billion in 2013.

Next story loading loading..