Home Login RADIO ONLINE RSS Facebook
Advertisement

Radio Deal Volume Hits $68.7 Million in Q3 2022


SandP Global Market Intelligence
SandP Global Market Intelligence

According to a new quarterly analysis from Kagan, the media research unit of, broadcast deal volume in the third quarter of 2022 reached $68.7 million in the radio market and $14.3 million in the TV section. S&P Global Market Intelligence registered six radio transactions of $10 million or higher this year. Three of them were announced in the third quarter, doubling the number of high-value deals.

The top radio deal of the quarter was a transaction five years in the making. In September, 2017, Dick Broadcasting Company of Tennessee announced plans to buy 18 radio stations in three small markets in Georgia and in the Carolinas from Alpha Broadcasting. The deal was valued at $19.5 million when it was announced, but it never closed. Instead, Dick Broadcasting operated the stations under a local marketing agreement (LMA).

In August, 2022, a new agreement was filed with the FCC, listing an initial purchase price of $17.85 million. The price will be adjusted taking into consideration the 2021 LMA fees.

In the second-largest radio deal of the quarter, Adams Radio paid $12.6 million for all 15 full-power and three low-power stations owned by Adams Radio Group. Adams Radio Acquisition is led by Adams Radio Corp. and Adams Broadcast Group former Chairman Stephen Adams.

In Puerto Rico, Hemisphere Media Group Inc. paid $10 million for TelevisaUnivision. subsidiary Univision of Puerto Rico Inc., which operates three AM and two FM stations in all three major Puerto Rican cities, San Juan, Ponce and Mayaguez.

The largest single station deal of the quarter was Triangle Marketing Associates Inc.'s sale of Country WKJO-FM in Raleigh-Durham to Curtis Media Group. Raleigh is Curtis Media's home base. The company already owns four AM and two FM stations in the market. To comply with FCC ownership caps, WKJO will be licensed to FM 102.9 LLC.

Advertisement

Latest Radio Stories

Ross MacLeod Named OM for Alpha Media in Portland OR
Ross MacLeod
Ross MacLeod
Alpha Media Portland names Ross MacLeod as its new Operations Manager. In addition to his leadership duties, MacLeod will also serve as Content Director for News/Talk KXL-FM and Sports outlet KXTG-AM. MacLeod joins the company with a strong programming background, most recently serving as Program Director More

Melissa Chase Departs Audacy Houston Amid Restructuring
Melissa Chase
Melissa Chase
Melissa Chase, Vice President of Programming for Audacy Houston, has exited the company as part of a round of staffing reductions within the cluster. Chase's departure comes alongside the exit of Jay Michaels, who served as Assistant Brand Manager for KHMX (Mix 96.5) and KKHH (95.7 The Spot). Audacy has not More

NYPR Appoints John Rose as Board Chair, Adds Trustees
New York Public Radio (NYPR)
New York Public Radio (NYPR)
New York Public Radio (NYPR) has announced a series of leadership changes, including the appointment of longtime trustee John Rose as Chair of the Board of Trustees, along with the addition of three new board members and two newly named Vice Chairs. John Rose, a Senior Advisor at More
Advertisement

Kannon Launches New Weekday Program ''The Kannon Show''
Kannon
Kannon
Kannon and Kannon Worldwide LLC have announced the debut of "The Kannon Show," a new weekday radio program built for CHR and Hot AC outlets seeking high-energy, personality-driven content and flexibility in programming. Airing weekdays, the show is hosted by Kannon, a veteran radio personality known for his More

Spatz & Casey Exit Mornings at WONE-FM in Akron
Matt Spatz and Amanda Casey
Matt Spatz and Amanda Casey
Rubber City Radio's Classic Rock 97.5 WONE-FM in Akron, OH, has parted ways with morning hosts Matt Spatz and Amanda Casey. The duo had been co-hosting the station's morning show since January 2021, following the retirement of longtime local radio veteran Jeff Kinzbach. Later that year, Spatz was promoted to More

Salem Media Group Launches ''The Scott Jennings Show''
Scott Jennings
Scott Jennings
Salem Media Group has announced the debut of "The Scott Jennings Show," a new weekday program joining the Salem Radio Network (SRN) lineup beginning Monday, July 14. The one-hour show will air from 2-3pm ET and will also be available on-demand via the Salem Podcast Network (SPN). Jennings, a conservative More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement