That’s according to new data released by Kagan. M&A volume reached $4.31 billion in the fourth quarter of 2018, most of it coming on the TV side. Radio deals accounted for $198.7 million, TV $4.11 billion in Q4.
The only significant radio deal in the fourth quarter was Hubbard Radio’s $88 million purchase of Alpha’s six-station West Palm cluster. The quarter featured eight other radio deals worth over one million dollars each, the largest being Saga Communications Inc.’s purchase of four FM stations in the Gainesville-Ocala, FL, market from Ocala Broadcasting Corporation LLC for $9.3 million.