Q1 2019 sees spike in broadcast M&A deal volume | Broadcast | News | Rapid TV News
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US TV broadcast station mergers and acquisitions volume reached $5.1 billion in the first quarter of 2019, according to a study from the Kagan media research group.
Tribune 7 may 2019
That comes in as the largest quarterly deal volume since the second quarter of 2007.

Kagan noted that the quarter's top TV deals included New York-based equity firm Apollo Global Management LLC taking a majority stake in Cox Media Group, which included 14 full-power and nine low-power TV stations together with four radio stations and one newspaper at $3.1 billion. Apollo took a similar majority stake in Northwest Broadcasting, paying $384 million.

Nexstar meanwhile announced it had reached two agreements, one with EW Scripps Co and one with TEGNA, to sell 19 stations in 15 markets for a total of $1.32 billion. The divestitures were necessary for the FCC's approval of Nexstar's merger with Tribune Media, announced in December 2018.

And in a $45 million deal in February, Gray Television extended its market into two new markets and two new states, buying two CBS affiliates, WWNY-TV in the New York market and KEYC-TV in the Minnesota market from United Communications Corp.