BIA/Kelsey: 2013 Radio Sales Show Slight Industry Change
Jan 17, 2014 5:34 PM
Top Five Radio Station Deals
January - December 2013Month Acquired# of StationsPrice
(x 1,000)BuyerSellerAugust53$238,000� �Townsquare MediaCumulus MediaJuly10$85,500Hubbard RadioSandusky RadioOctober33$84,973DigityNextMedia GroupOctober42$70,000NRG RadioNRG MediaFebruary23$66,250SummitMediaCox Media Group
Chantilly, VA - Jan 16, 2014 - About the same number of radio stations switched hands in 2013 as in 2012, making for a slow year for transactions, according to BIA/Kelsey's Media Access Pro, a comprehensive data service and analytical software that tracks the entire radio industry. The largest transaction of the year was the 53 stations sold by Cumulus Media to Townsquare Media in August, estimated to be $238 million.
"The slight change in total sales of radio stations in 2013 is evidenced by the few number of large transactions," said Mark Fratrik, vice president of BIA/Kelsey. "This year we anticipate a slight increase as the economy gathers some strength."
BIA/Kelsey tracks the value of transactions in radio and the number of radio stations sold on a monthly and year-to-date basis on its website.
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