The money is now starting to follow broadcasters, at least in moderation, and on the radio side. Radio companies are expecting to dip their quills in the black inkwell when it comes time to report first quarter 2011 results.
Details are becoming available about the Cumulus acquisition of Citadel – we now know that only 14 stations need to go into a divestiture trust, and most of them are there due to loss of grandfathered status rather than new combined portfolio overlap.
We also have new financials from Citadel, and we were able to take a stab at calculating a multiple for the deal. Details are below.
The acquisition of Blockbuster by Dish Network is not exactly what you’d call a blockbuster, but with a price tag of $320M, it managed to pass muster with at least one Wall Street watchdog.
The wireless industry wants TV spectrum, and created a poll that – surprise! – totally backs their position. The NAB challenged the results almost instantly.
Signs that the station trading market is starting to come back have abounded during the early part of 2011, but the market is still lacking one key element: financing. Still, one knowledgeable observer tells us it’s the best he’s seen it in years.

The digital content distribution company Geos Communications hires veteran radio executive Clancy Woods to become president of its global mobile community D Mobile. Woods most recently was president of Sporting News Radio, exiting the network last December. He previously held executive positions with CBS Radio, Infinity Broadcasting, AMFM and Nationwide Communications