Their Huntington Broadcast Management Group is being backed by Tailwind Capital of New York and advised by EFA Partners, an investment banking firm specializing in media. They're hunting for TV stations in small and medium markets.
Tynan, McCurdy Looking To Buy Stations
With private equity backing, veteran broadcasters David Tynan and Dave McCurdy say they are in the hunt for network affiliates in small and medium markets.
Their Huntington Broadcast Management Group is being backed by Tailwind Capital of New York and advised by EFA Partners, an investment banking firm specializing in media.
“We are looking at a number of deals; we have reviewed three so far,” Tynan says, declining to identify the stations involved.
“It’s kind of a funny time,” said Tynan of the station trading marketplace. Nexstar Broadcasting Group and the Sinclair Broadcast Group have demonstrated a “voracious appetite” for stations and get first shot at most stations that come on the market, he says. “It’s really a question of our getting out of their way.”
But despite their large presence in the station trading market, he said, there are still opportunities from small buyers like Huntington — single stations, small groups and spin-offs from larger deals. “There is a place for us.”
Tynan’s 35-year career in broadcasting includes stints as general manager of stations owned by Sinclair and others.
BRAND CONNECTIONS
McCurdy has more than 30 years of banking and broadcast television experience. He managed the financial, M&A and legal operations of the various SJL Broadcast groups of George Lily as CFO and partner.
Comments (1)
Mark Annas says:
February 12, 2013 at 5:01 pm
Good to know that entrepreneurs are still interested in investing their time and capital in the broadcast television business. Let’s hope for the sake of localism there is room for more than the large corporates that seem to be buying everything that hits the market.