TV Deals in Q2 Were 80% Nexstar
Station deal volume reached $728.9 million in the Q2, SNL Kagan said in a release. TV deals were $681.2 million of the total, the researcher said Friday. Eighty percent of TV deal volume in Q2 was spinoffs related to Nexstar's…
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buying Media General, it said. Radio deals totaled $47.8 million, the “lowest quarterly deal volume in 34 years, since the first quarter of 1982,” SNL Kagan said. The largest Nexstar deal was the $270 million sale of KWQC-TV Davenport, Iowa, and WBAY-TV Green Bay, Wisconsin, to Gray Television, the release said. The largest radio deal in Q2 was the sale of four FM stations in Fort Walton Beach, Florida, market from Apex Media to Community Broadcasters for $5.9 million, SNL Kagan said.