That’s according to SNL Kagan. The media research group said that was the lowest quarterly deal volume in 34 years for radio. The second quarter’s largest radio deal was the $5.9 million sale of four FM stations in Florida’s Ft. Walton Beach market from Apex Media Corporation to Community Broadcasters. The last quarter without at least one radio transaction worth $10.0 million or more was the second quarter of 2010.
Besides the top radio deal, other major radio transactions included two deals worth $2.1 million each. Garrison City Radio Group LLC sold WBYY-FM and
WTSN-AM in New Hampshire’s small (rank 123) Portsmouth-Dover-Rochester market to WBIN Media Co., and Toccoa Falls College Inc. sold three FM
stations, one AM station and two translators — placed near the border tripoint of Georgia and North and South Carolina — to Radio Training Network Inc.
As was the case in the first quarter, the largest portion of the second quarter’s radio deal market (59% of all stations sold) involved low-power FM translators.
Following the first window of the FCC’s AM Revitalization initiative and the sale of 447 translators in the first quarter, adding up to $18.0 million, another 186
FM translators (including 100 construction permits) were sold in the second quarter for a total of $9.1 million.
