Headlines
Station Trading Roundup: 1 Deal, $11,700,000
The purchase of three low-power stations by Daystar Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Religious FM Ownership Soars As Commercial AM/FM Wanes
Commercial AM and FM station ownership continued its downward trajectory in the final months of 2023, echoing the financial difficulties faced by operators over the year.
Mergers & Acquisitions
Brewer Media Sells Two Chattanooga Signals To Christian Radio Group.
Christian broadcast group Radio Training Network expands its footprint into Tennessee with the $900,000 purchase of what is currently “ESPN Chattanooga 95.3” WALV and classic hits “Big 106.9,” which broadcasts on WALV-HD2 and the city-licensed FM translator W295BI at 106.9 from Brewer Media.
Add This Deal To The List Of Non-Secular Buyers
Yet another asset purchase agreement has been signed that, pending FCC approval, will put ownership of an AM, an FM and an FM translator serving a tiny South Carolina city due north of Augusta, Ga., in the hands of a not-for-profit broadcast ministry.
Television
TV Station Group Sinclair Strikes NextGen Roxi Music Channel Deal
Major U.S. TV station owner Sinclair Inc. has struck a deal with Roxi, a U.K. TV-based music streaming service, that will bring a unique set of interactive music channels to regular over-the-air broadcast TV -- without the need to download apps.
Radio
What's Your WHY?
As 24/7/365 outlets, radio stations are peculiar businesses, always “on,” and especially important when something goes wrong. These days, that last point covers a lot of ground – weather emergencies, school shootings, wildfires, and a litany of other disasters, accidents, and unplanned events that seem to be happening with more frequency in recent years.
Audacy Will Keep The Lights On During Bankruptcy, Thanks To Court OK Of First Day Motions
Employees of Audacy will continue to get paid and receive benefits during the company’s chapter 11 proceeding, thanks to an expected court decision.
Indiana Broadcast Group Reorganizes Radio Under New Banner
Bloomington-based broadcaster Sarkes Tarzian has unified its six radio stations under a new brand, ST Radio.
Townsquare Turns Off New York Trio; Flint & Trenton AMs
Townsquare Media has taken three of its stations in Upstate New York off the air.
Verticals
Automotive TV Spending Down 14.9% In December
Automakers spent an estimated $271.2 million on national TV advertising in December, down down 14.9% compared $318.5 million a year ago.