Though it was a significant drop off from the more than $3 billion of deals for station mergers and acquisitions that occurred in Q3, Q4 of 2015 saw $486.8 million in broadcast station deals, more than the deal volume of the first half of the year. Radio deals totaled $160.4 million of the total. These numbers are courtesy of a broadcast business activity report from broadcast business analyst firm SNL Kagan.
The second-largest radio deal of the year took place in Q4, with Wilks Broadcast Group LLC sales of $54 million for its three-station cluster in the Denver market to Kroenke Sports & Entertainment LLC. Wilks also sold its Columbus, Ohio, stations, including WLVQ(FM) to Saga Communications for $13 million, and WHOK(FM) and WZOH(FM) to Radio One Inc. for $2 million.
While there were no megadeals as there were in Q3, the number of deals at $1 million or more was just about on par, with a total of 37 in Q4, compared to 38 in Q3.