Deal Volume
S&P GLOBAL MARKET INTELLIGENCE's KAGAN's fourth quarter 2018 assessment of U.S. broadcast station mergers and acquisitions shows $4.31 billion in total deals, mostly attributed to the pending NEXSTAR acquisition of TRIBUNE MEDIA, valued at an estimated $3.51 billion ($46.50 per share). Radio merger and acquisition volume stood at $198.7 million.
Radio's top fourth quarter deal was HUBBARD RADIO's $88 million purchase of ALPHA MEDIA's WEST PALM BEACH cluster, which was also the second-highest-priced radio of the year, trailing only BONNEVILLE's $141 million deal to buy eight stations in SAN FRANCISCO, SAN JOSE, and SACRAMENTO from ENTERCOM, filed in AUGUST.
Besides the HUBBARD-ALPHA deal, only eight other radio deals exceeded $1 million, led by SAGA's purchase of four GAINESVILLE-OCALA stations from OCALA BROADCASTING CORP. LLC for $9.3 million.
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