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TV Spectrum Deals Rake in $345M

March 01, 2013 |
MONTEREY, Calif. -- Announced today, SNL Kagan reports that a flurry of recent deals brings Spectrum-related TV station sales to nearly $345 million. Spectrum aggregators acquired 39 full-power and Class A stick TV stations in 2011-2013 YTD through January, with eight station deals already announced in 2013. Value bench-marks in these transactions have risen sharply in 2013, but still have plenty of head room before they hit wireless spectrum deal price points.

SNL Kagan has logged $344.8 million worth of TV station sales to groups thought to be acquiring the TV stations for purposes of tendering them in the FCC spectrum auction envisioned for 2014. These include 14 full-power stations and 25 Class A station sales. Over-all, the average value per TV home paid based on the publicly released deal prices has been $3.74 and the price paid per MHz/pop has been $0.25.

The most prolific buyers include NRJ TV LLC, which has logged the most deal volume at $234.2 million spent on full-power stations. OTA Broadcasting, a subsidiary of computer giant Michael Dell's MSD Capital firm, is runner up, with deal volume of $52.8 million and is the other primary full-power station buyer. Locus Point has acquired seven stations, all in November and December 2012, and all Class A properties.

SNL Kagan



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