Kagan Details Largest Q1 2022 Broadcast Radio Deals

RADIO ONLINE | Friday, June 24, 2022

S & P Global Market Intelligence

Kagan, the media research unit of S&P Global Market Intelligence, found the broadcast deal market for first quarter 2022 reached the highest quarterly deal volume since third quarter 2019 at $11.05 billion, mainly due to the acquisition of TV giant TEGNA. In the last 40 years, quarterly volumes exceeded $10 billion. Part of the Standard General/TEGNA purchase is an AM/FM radio station combo in Columbus, OH valued at $11.5 million.

The quarter's largest radio deal, the acquisition of Cherry Creek Media LLC by Townsquare Media, which was announced on March 24. The $18.8 million transaction was the largest radio deal since 2019. To comply with FCC ownership regulations, Townsquare will spin off six of the stations and place two stations in a divestiture trust.

The second and third-largest radio station deals were the sale of two Florida FM stations from CXR Radio LLC to Spanish Broadcasting System Inc. for $12.5 million and the largest single-radio-station sale of the quarter, the $8 million transfer of San Francisco's KSJO-FM from Universal Media Access - KSJO-FM LLC to Silicon Valley Asian Media Group LLC.

Top-Radio Station Deals for Q1 2022: