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January 2020 PPM

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Site of the Day

Sinclair Telecable Sells Five Towers to CTI

Bergner and Company

Sinclair Telecable who owns a cluster of radio stations in Norfolk, VA, and recently agreed to buy out their 51% partner Emmis Communications in Austin, TX, has sold five wireless towers in Virginia, to CTI Towers. CTI Towers either owns or operates over 500 towers in 39 states and is backed by Comcast Ventures CTI is headed by Tony Peduto. Sinclair is controlled by Bob and David Sinclair.

Michael J. Bergner of Bergner & Co. brokered this transaction. Bergner commented that "income producing towers remain in very high demand with multiples that far exceed station values". Bergner has already sold five tower deals in 2019.

Latest Radio Stories

Univision Q4 Net Revenue Up 1% to $692.9M, Radio Down 8%

Univision

Univision Communications reported fourth quarter net revenue increased 1% to $692.9 million from $688.5 million in 2018. Q4 revenue for the radio segment declined 8% to $66.1 million, compared to $71.9 million. Radio ad revenue fell 8% to $60.9 More

Entercom Launches V-103 International on WVEE-HD2/Atlanta

V-103 International

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Waterloo Media Names Barstow Austin City Limits Radio PD

Lynn Barstow

Austin-based Waterloo Media taps veteran radio programmer Lynn Barstow from Alternative KROX-FM (101X) to also oversee its sister brand Austin City Limits Radio on KGSR-FM-HD2 as Program Director, effective immediately. The announcement follows the More

Maria O'Mara Becomes NPR Member Director Filling Vacancy

Maria O'Mara

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Connoisseur Media Acqures Scorpio, Launches Ferocious Media

Ferocious Media

Connoisseur Media has expanded through an acquisition of digital marketing staff, a substantial portfolio of accounts and key management platforms from Scorpion. The combined digital operations under Connoisseur Media will be known as "Ferocious More

iHM Launches Companion Podcast for ''Your Attention Please''

Your Attention Please

iHeartMedia announced its new companion podcast for the 3-part Hulu series "Your Attention Please," which premiered on Hulu at the beginning of February with the goal of elevating and celebrating the achievements and creativity of Black visionaries. More

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