It was the lowest quarterly radio deal volume since 2012 according to the folks at Kagan. The top radio deal of the quarter was the $10.0 million sale of non-commercial KUHA-FM in Houston followed by another non-commercial transaction, the $8.0 million sale of FM stations KPLI, KPLU, KPLI and KVIX as well as seven translators and one translator construction permit in Seattle from Pacific Lutheran University to University of Washington.
Kagan says the biggest development in radio was a surge of FM translator sales. Through the end of March a total of 435 applications for modification of FM translators were granted. Almost three-quarters of these applications (318) require a change of ownership. In 214 cases (121 construction permits and 93 licensed stations), the change of ownership happened immediately after the application was granted. Counting all FM translator sales, 447 FM translators (including 237 construction permits) were sold in the first quarter 2016. For comparison, in all of 2015, 453 FM translators (including 189 CPs) changed hands.