WEEK ENDING MAY 10

Station Trading Roundup: 2 Deals, $500,000

The purchase of KNXT-LP Bakersfield, Calif., by My Central Valley LLC tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Gray Buys Meredith, CBS O&Os Get A Reorg

TVNewsCheck‘s Michael Depp and Harry Jessell discuss Gray Television’s acquisition of Meredith and other potential moves on the M&A chessboard, along with changes at the top at CBS’s stations.

WEEK ENDING MAY 3

Station Trading Roundup: 3 Deals, $3 Billion

The purchase of Meredith Corp.’s 17 TV stations by Gray Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

TV STATION M&A

Gray Adds Larger Markets; Boosts Political Footprint

Gray CEO Hilton Howell said today’s $2.7 billion purchase of Meredith’s stations fits with Gray’s strategy of adding stations in key states for heavy political ad spending.

Gray Buying Meredith Local Media For $2.7 Billion

It’s getting 17 stations in 12 markets and will spin off its Flint, Mich., ABC affiliate WJRT since it’s acquiring CBS affil WNEM there. With a combined net revenue exceeding $3.1 billion on a blended 2019-20 basis, Gray said its acquisition of Meredith’s television stations will transform Gray into the nation’s second largest television broadcaster.

Gray Spins Off 10 Stations To Allen Media For $380 Million

The sale follows Gray’s purchase earlier this year of Quincy Media and comprises stations in markets in which Gray already owns stations.

WEEK ENDING APRIL 26

Station Trading Roundup: 3 Deals, $350,500

The purchase of KJYY-LD Portland, Ore., by Roseland Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING APRIL 19

Station Trading Roundup: 3 Deals, $63,500

The purchase of K31MK-D Lawton, Okla., by Grey Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING APRIL 12

Station Trading Roundup: 5 Deals, $1,910,000

The purchase of KYMU-LD Tacoma, Wash., by Sovryn Holdings tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING APRIL 5

Station Trading Roundup: 6 Deals, $329,000

The purchase of WBWP-LD by Roseland Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Meredith Exploring Sale Of TV Stations

Meredith Corp. is considering selling its television stations, according to people familiar with the matter, a move that would focus the media conglomerate on its magazine division. Meredith is working with a financial adviser on the potential divestiture, said the people, who asked to not be identified because the matter isn’t public.

WEEK ENDING MARCH 29

Station Trading Roundup: 8 Deals, $3,141,333

The purchase of KGBT Harlingen, Texas, by Mission Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING MARCH 22

Station Trading Roundup: 1 Deal, $4 Million

The purchase of KWKB Iowa City and KPNZ Ogden, Ore., by Faith Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING MARCH 15

Station Trading Roundup: 3 Deals, $2,218,171

The purchase of KVVV-LD Houston by Sovryn Holdings tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING MARCH 1

Station Trading Roundup: 1 Deal, $10 Million

The purchase of KNET-CD and KNLA-CD by Sovryn Holdings tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Station Trading Roundup: 3 Deals, $2,359,410

The purchase of W41DO-D New York., by Major Market Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING FEB. 8

Station Trading Roundup: 3 Deals, $8,407,000

The purchase of KBCB Bellingham, Wash., by Radiant Life Ministries tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING FEB. 1

Station Trading Roundup: 1 Deal, $925 Million

The purchase of Quincy Media by Gray Television tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Gray Buying Quincy Media For $925 Million

Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4% of U.S. television households.Gray said it will divest Quincy’s stations in the following markets in which Gray also owns a full-power television station: Tucson, Arizona; Madison, Wis.; Paducah-Harrisburg, Ky.-Ill.; Cedar Rapids, Iowa; La Crosse-Eau Claire, Wis.; and Wausau-Stevens Point, Wis.

Talking TV | M&A In ’21 And Byron Allen’s $10B Target

TVNewsCheck Editor Michael Depp and writer Paige Albiniak discuss the outlook for station group M&A activity this year and Byron Allen’s aspiration to spend $10 billion acquiring Big Four affiliates, possibly including an O&O group. Read more about Allen’s plans and the industry’s M&A prospects in our story here.

WEEK ENDING JAN. 18

Station Trading Roundup: 2 Deals, $50,000

The purchase of WTMH Kinston, N.C. by HTM 26 from Tutt Media Group tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING JAN. 11

Station Trading Roundup: 2 Deals, $3,190,000

The purchase of WWCP Johnstown, Pa., from Horseshow Curve Communications by Cunningham Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Scripps Completes Acquisition Of Ion Media

Scripps says the transaction provides about 60% accretion in free cash flow per share. It gives it a portfolio of 60 stations in 41 markets.

Quincy, Meredith Kicking Off 2021 M&A Season With Station Sales

All of Quincy and four Meredith stations are being prepped for sale, with second-round bids due to the sellers in the week of Jan. 18. Quincy could command as much as $1 billion. Entire Meredith group may be in play.

WEEK ENDING JAN. 4

Station Trading Roundup: 1 Deal

The transfer of two stations from McDermott Communications to Paducah Television Operations tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Scripps Completes Sale Of WPIX To Mission

Scripps purchased WPIX as part of its acquisition of eight television stations in seven markets from Nexstar. Those stations were being divested in connection with Nexstar Media Group’s acquisition of Tribune Media in September 2019. Scripps granted Nexstar the option to buy back WPIX. The option expired at the end of 2021. Nexstar assigned its option to Mission Broadcasting, and Mission exercised the option.

FCC Approves Univision Sale to SearchLight

The FCC’s Media Bureau has approved the Univision Holdings sale of majority ownership interest in the Spanish-language media company and its broadcast properties (65 TV stations and 58 radio stations) to investment firms Searchlight Capital Partners and ForgeLight. The bureau’s approval is conditioned on the sale of three Puerto Rico TV stations — WLII and two satellites, WSUR and WOLE — to comply with FCC local ownership rules.

Vermont PBS, Public Radio Get OK To Merge

The FCC has given permission for the license transfer, and the IRS has granted tax-exempt status, Vermont PBS and VPR announced. The television station and radio network will operate independently until July.

WEEK ENDING NOV. 16

Station Trading Roundup: 1 Deal, $28,000,000

The purchase of two stations by Community News Media from Sinclair Broadcast Group Holdings tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING NOV. 2

Station Trading Roundup: 1 Deal, $35,000,000

The purchase of four stations by Weigel Broadcasting from HC2 Holdings tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING OCT. 26

Station Trading Roundup: 2 Deals, $15,000,000

The purchase of five Texas stations by Gray Television from Ramar Communications tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING OCT. 19

Station Trading Roundup: 2 Deals, $45,450,000

The purchase of 26 former Ion Media stations by INYO Broadcast Holdings from E.W. Scripps tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

Ramar Communications Sells Lubbock Stations

KJTV and a translator go to SagamoreHill Broadcasting, while KLCW, KMYL-LD and KXTQ go to Gray Television.

Sinclair Closes On 2 DC Class A TVs

In addition to traditional programming, Sinclair plans to use channel capacity from one of the stations to provide advanced “Broadcast Internet” services. “We now have a prime showcase for the amazing features of NextGen TV that members of Congress and the Federal Communications Commission can witness first-hand,” said Chris Ripley, Sinclair’s president-CEO.

Here Come The First Ion Media Spinoffs

On Sept. 24, one of the biggest broadcast media mergers in recent memory was announced. The E.W. Scripps Co. is agreeing to buy Ion Media — the broadcast media network with roots in the Paxton family media operation — for $2.65 billion. The deal will not run afoul of FCC Top 4 regulations, as Scripps said it will divest of 23 Ion stations. On Oct. 14, details regarding those station spinoffs became known, thanks to an FCC filing by Ion.

WEEK ENDING OCT. 12

Station Trading Roundup: 1 Deal, $7,750,000

The purchase of KTNC Concord, Calif., by Radiant Life Ministries tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

WEEK ENDING SEPT. 28

Station Trading Roundup: 4 Deals, $2,678,850,000

The purchase of Ion Media Networks, by E.W. Scripps tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.

No Retrans, No Problem For Scripps-Ion

One rarely hears about a station group deciding not to pursue lucrative retransmission consent fees but when E.W. Scripps agreed to acquire Ion Media for $2.65 billion, it said the Ion stations would stick to must-carry. Analysts initially said they were surprised by the unusual strategy and asked about it during a conference call in which Scripps executives went over details of the transaction.

Scripps Buying Ion Media For $2.65 Billion

It will combine it with Scripps’ Katz networks and Newsy “to create a full-scale national television networks business” and will spin off  23 of Ion’s 71 stations to comply with FCC ownership regulations. Scripps has agreed to a transaction with a buyer, who has agreed to maintain Ion affiliations for the stations. Warren Buffett’s Berkshire Hathaway gets a warrant to purchase as many as 23.1 million Class A Scripps shares as part of the deal.

WEEK ENDING SEPT. 21

Station Trading Roundup: 2 Deals, $760,500

The purchase of WARZ-CD Raleigh-Durham, N.C., by Capitol Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.