Number of Stations changing hands down 40% from 2014

[Andy Brown]

The number of U.S. radio stations sold so far this year is well behind last year’s pace, about 40% fewer in fact.

BIA/Kelsey tracks the number of TV and radio stations sold monthly and year-to-date, as well as the value of those transactions.

According to its midyear data, 322 radio stations were sold in the first six months of 2015 compared to 524 at this time last year. The number of TV stations sold also dropped, from 107 to 23.

In terms of the value of those deals, radio saw a drop from $622 million at the midpoint of last year, to $217 million this year. And TV saw a huge drop, from $3.66 billion to $116 million, for the first half.

http://www.radioworld.com/article/station-transactions-down-in-first-half/276612

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