From the Pew Research Center’s report on “the acquisition binge in local television”:
A decade ago, the number of stations owned by what are now the five largest local TV companies was 190. Today, that number is 464. In 2013, alone, about 300 full-power local TV stations changed hands, at a cost of more than $8 billion. That is 195 more stations sold than in 2012 and more than four times the dollar value of the deals made in 2012.
- Nexstar Buying Las Vegas Station KLAS for $145 Million
- Meredith's Local Media Group Revenue Up 39% to $125 Million in Fiscal First Quarter
- Broadcasting Companies Get Bigger, But Their Backs Are Still Against the Wall
- Robert Allbritton on Sinclair Deal: 'It’s Great To Do a Deal, But it’s Kind of Tough to Walk Away'