Monday, May 18, 2015

Alpha Media to purchase Morris Communications Radio stations

Alpha Media of Portland, Oregon announced today they have entered into a definitive agreement to purchase radio stations from Morris Communications. Morris owns thirty-six radio stations in 8 markets including; Topeka, KS; Salina, KS; Amarillo, TX; Palm Springs, CA; Anchorage, AK; Wasilla, AK; Grays Harbor-Hoquiam, WA and Wenatchee-Columbia River, WA.

Larry Wilson, Chairman of Alpha Media will add the Morris markets to the ninety-nine stations currently in the Alpha Media portfolio. When all pending deals are completed, it will bring the total number of stations owned by Alpha Media to 135. Commenting on the acquisition, Wilson said, “What a wonderful thing it is to combine with such a fine stable of radio properties. They bring heritage radio stations to our platform that will truly enhance our growth opportunities extensively.”

William S. Morris III, Chairman and Chief Executive Officer of Morris Communications Company said, “We are pleased to enter into this agreement with Larry Wilson and his exceptional team. They are experienced operators that will maintain the ongoing success of these stations. We take comfort in knowing we have superior employees in each market that will continue to serve these wonderful communities.”

This transaction will be filed with the Federal Communications Commission shortly and is subject to their approval.

George Reed of Media Services Group is the broker for Alpha Media.

Upon the successful completion of all pending transactions, Alpha Media, headquartered in Portland, Oregon will own 132 radio stations and operate 3 additional stations under LMAs within 28 markets across the United States covering all formats including Top 40, Adult Contemporary, Spanish, Urban, News Talk, Sports, Rock, Country and more. In addition to the radio stations; Alpha Media owns the digital media and marketing company; Xapsis in Peoria, Illinois and the intimate performance venues, Skype Live Studio in Portland, Oregon and Alamo Lounge in San Antonio, Texas.

Saturday, May 16, 2015

Join Our LinkedIn Group for Radio and TV Station Buyers and Sellers

If you are a LinkedIn user (and if not, why aren't you??!!), please consider joining our group: Radio/TV Station Buyers.  It is a group for station owners and prospective buyers. We have several thousand members, including many well known broadcasters. 

Our discussions are timely and relevant. Join us and participate regularly. It is a great resource for those of us in the business of buying, selling, and building value with radio and television stations.

George

Friday, May 1, 2015

Alpha Media closes Fredericksburg, VA Cluster

Alpha Media of Portland, OR has closed on its purchase of four radio stations in Fredericksburg, VA from Free Lance–Star Publishing LLC.

Alpha purchased WFLS–FM, WNTX–AM, WVBX–FM and WWUZ–FM.

I represented the seller.

George
Media Services Group

Saturday, April 11, 2015

Monday, March 23, 2015

NAB Show Coming Soon

The Media Services Group suite will be at the Encore for the 2015 NAB Show (April 11-16).  If you are interested in a confidential meeting, please get in touch.

George
Media Services Group

Saturday, February 21, 2015

Will you be in Nashville next week for the NRB or the CRS?

If you plan to be in Nashville next week for the NRB (http://www.nrbconvention.org/) or the CRS (http://countryradioseminar.com/) and would like to get together, please let me know.  I plan to arrive on Tuesday.

Looking forward to catching up,

George
Media Services Group

Thursday, February 5, 2015

Link to Tom Taylor's story today on station trading

Tom Taylor shared some views of the 2015 radio station trading market from Larry Patrick and me in this morning's "Tom Taylor Now."

Inventory.

George
Media Services Group

Friday, January 23, 2015

MSG Announces Sale of Free Lance-Star Radio Stations

Here is the press release about the sale of the Free Lance-Star stations in Fredericksburg, VA.  We are please to have represented the seller in this transaction.

FREE LANCE-STAR STATIONS TO BE SOLD

Free Lance–Star Publishing LLC announced Friday that it is selling its four radio stations to Alpha Media of Portland, Ore.

Alpha has agreed to purchase WFLS–FM, WNTX–AM, WVBX–FM and WWUZ–FM, pending approval from the Federal Communications Commission. Terms of the deal were not disclosed.

Sandton Partners, which purchased The Free Lance–Star in a bankruptcy auction in June, announced late last year that it would sell the Fredericksburg-area stations after being directed by the FCC to divest itself of either the newspaper or its Star Radio Group holdings. “We are proud to have been owners of the Free Lance-Star radio properties,” said Robert Orr, managing director for the company.

“The transaction with Alpha Media gives us great comfort in knowing that the stations will be in very capable hands, and that listeners in the Fredericksburg area will continue to benefit from the excellent entertainment and news programming that they have come to expect from us.” Free Lance–Star and Star Radio Group Chief Executive Officer Gene Carr said Alpha has agreed to keep all employees of the stations, which will continue to operate from the FLS building on Amelia Street. “The staff are an integral part of serving the listeners and advertisers of the Fredericksburg region; I am pleased that the entire staff will be offered employment with Alpha Media,” Carr said.

“We will continue to operate the Star Radio Group until FCC approvals have been finalized and we look forward to seeing the continued growth of these radio stations,” he added. “Alpha Media has an excellent reputation in the industry.”

When completed, the deal will give Alpha a total of 93 radio stations across the country.
“Fredericksburg is a thriving place that continues to grow. It will be a nice addition to our East Coast footprint,” said Alpha Media Chairman Larry Wilson. “I feel privileged to be able to get into that market and work with the great people there.”

In addition to the radio stations; Alpha Media owns the digital media and marketing company Xapsis in Peoria, Ill., and two performance venues, Bing Lounge in Portland, Ore., and Alamo Lounge in San Antonio, Texas.

George Reed of Media Services Group brokered the deal.

Monday, January 5, 2015

Reed Bunzel Launches Radio 2015: The Year Ahead

Veteran radio writer and analyst Reed Bunzel today launched Radio 2015: The Year Ahead, a comprehensive analysis of the U.S. radio Industry. Researched and published by Bunzel Media Resources, Radio 2015: The Year Ahead is designed to help radio broadcasters successfully manage their businesses as traditional industry operations collide with new, disruptive technologies and emerging competitive forces.

The main thrust of this project is a quarterly report that will feature exclusive (and original) reports on the following sectors of the radio business:

Each quarterly report is available on the Bunzel Media Resources website as PDF files that can be read on-screen or downloaded.  

I shared a few of my own thoughts about the station trading marketplace and values for the Mergers & Acquisitions section.  Best wishes for your new project, Reed.

George
Media Services Group

Saturday, January 3, 2015

Sale of WMUV and WSOS in Jacksonville closed yesterday

Delmarva Educational Association has completed the acquisition of the assets of radio stations WSOS-FM and WMUV-FM, serving the Jacksonville, Florida market from Renda Broadcasting Corporation. 

Congrats to Stuart Epperson (for buyer) and Tony Renda (for seller). 

I represented the seller in this transaction.


Monday, December 22, 2014

R.I.P. Bill Burton

Eric Rhoads wrote a fitting tribute to Bill Burton for Radio Ink's Ink Tank.

George
Media Services Group

Alpha Media to purchase Access 1 Communications radio stations in Shreveport and Tyler-Longview

For Immediate Release: December 22, 2014
Portland, OR
Contact: Randi P’Pool
Direct: 503-517-6376

Alpha Media of Portland, Oregon announced today they have entered into a definitive agreement to purchase radio stations from Access 1 Communications. Access 1 Communications owns nine radio stations; five stations located in Shreveport, Louisiana which include KBTT(FM), KOKA(AM), KDKS(FM), KLKL(FM), KTAL(FM) and four radio stations in Tyler-Longview, Texas; KKUS(FM), KOOI(FM), KOYE(FM) and KYKX(FM). Alpha Media will begin operating the Access 1 stations under an LMA starting January 1, 2015.

Larry Wilson, Chairman of Alpha Media will add the Access 1 clusters to the seventy stations (which include two under LMAs) currently in the Alpha Media portfolio. When all pending deals are completed, it will bring the total number of stations owned by Alpha Media to eighty-three (this includes the pending acquisition of six California stations). Commenting on the acquisition, Wilson said, “I’ve known Chesley Maddox-Dorsey for a long time. She’s a great person with superb integrity and it’s a tremendous honor for us to be buying stations from Access 1. I’ve been continually impressed with the quality of people I’ve met and their passion for the industry; it fits right in our sweet spot for live and local radio and we are very much looking forward to the acquisition.”

Chesley Maddox-Dorsey, President and CEO of Access 1 Communications said, “Larry Wilson continues to display the dynamism that has earned him the best in class title for our industry. With our sale to Alpha Media, our employees, listeners and advertising partners in East Texas and Shreveport, Louisiana will have the opportunity to work with a visionary group of media professionals with a demonstrated track record of success. We are thrilled that we could pass our baton to this incredibly imaginative company that will maintain that intimate connection with listeners and advertisers that we have come to cherish.”

This transaction will be filed with the Federal Communications Commission shortly and is subject to their approval.

Alpha Media, headquartered in Portland, Oregon owns and operates 68 radio stations and 2 additional stations under LMAs in 12 markets across the United States covering all formats including Top 40, Adult Contemporary, Spanish, Urban, News Talk, Sports, Rock, Country and more. In addition to the radio stations; Alpha Media owns the digital media and marketing company; Xapsis in Peoria, Illinois and the intimate performance venues, Bing Lounge in Portland, Oregon and Alamo Lounge in San Antonio, Texas.

I represented the seller.

George
Media Services Group

WEZV-FM, WYEZ-FM and WGTN-FM (Myrtle Beach) Sold

PRESS RELEASE
December 22, 2014

WEZV-FM, WYEZ-FM and WGTN-FM (Myrtle Beach, SC) have been sold by Fidelity Broadcasting Corporation to Compass Radio Group LLC for $1,600,000. Fidelity is headed by Jerry Bresson and Compass by Bob Woodward (55%) and John Trent (45%). Compass is already programming the stations under a Time Brokerage Agreement.  The sale is subject to FCC approval.

WEZV-FM (Easy 105.9), North Myrtle Beach, is a Class C3 on 105.9 MHz with 17 kW @ 361’. It is simulcast on sister WGTN-FM, known as Easy 100.7. WGTN-FM is a Class A with 3.1 kW @ 446’.
WYEZ-FM (Movin 94.5), Murrells Inlet is a Class C3 on 94.5 MHz with 12 kW @ 476’. The format is Rhythmic Oldies.

I represented the seller.

George
Media Services Group

Monday, December 1, 2014

Waterloo Closes

NRG Media, LLC has completed the acquisition of the assets of radio stations
KFMW-FM, KOKZ-FM, KWLO-AM, and KXEL-AM, Waterloo, IA from Woodward Communications Inc. The purchase price is $3,550,000.

Jody McCoy of Media Services Group’s Colorado Springs office was the exclusive broker representing the seller in this transaction.

For more information:

Jody McCoy
719.630.3111
jbmccoy@MediaServicesGroup.com

Friday, November 21, 2014

Welcoming Bill Cate to Media Services Group

I got into the brokerage business in 1987 after working on the station side for many years.  Bill Cate hired me at Chapman Associates and provided great training on "how to be a broker."

With that bit of history in mind, I am delighted to announce that Bill is joining Media Services Group.  We have now truly gotten the old band back together.

The formal press release stated, “He brings with him a background of station ownership, as well as 36 years of media brokerage.  Bill is the former co-owner and president of Chapman Associates, and brings a wealth of knowledge to our group.”  

About joining our team, Bill added, “I am extremely pleased to be joining Media Services Group. Many of the partners go back to my days with Chapman Associates, and it’ll be great to be back working with them. I believe there is strength in numbers, and Media Services Group offers the widest diversity of brokerage services to our industry. I look forward to the affiliation and believe it will enable me to better serve my clients with greatly expanded resources, much more than operating as a standalone media broker.”

Bill will continue to work out of the Little Rock area.  You can contact him at:

501.727.5100
Cate@MediaServicesGroup.com
















Media Services Group

Tuesday, September 9, 2014

See you at the Radio Show!

The Media Services Group suite is number 325 at the Westin in Indy. 


#RadioShow2014

Friday, August 22, 2014

NRG Media Acquires Waterloo, IA From Woodward Communications

NRG Media, LLC  has agreed to purchase the assets of radio stations KFMW-FM, KOKZ-FM, KWLO-AM, and KXEL-AM, Waterloo, IA from Woodward Communications Inc. (subject to FCC approval).  The purchase price is $3,550,000. 

Jody McCoy of Media Services Group’s Colorado Springs office was the exclusive broker representing the seller in this transaction.

George
Media Services Group

Thursday, August 21, 2014

Will We See You At The Radio Show?

The Radio Show in Indy is just weeks away. Media Services Group will be at the Westin. Let me know if you would like to get together. #Radio


George


Sunday, April 6, 2014

Let's meet at the NAB Show

The Media Services Group suite is in the Encore tower, # 3806.  Please stop by and say hello.

George

Saturday, March 29, 2014

Radio has turned the corner

Radio revenues are reported up two months in a row in both New York and Los Angeles.  The broadcasters I am talking with are, for the most part, telling the same story.  The radio business is improving.

The overhang of workouts and bankruptcy deals has been absorbed into the market.  The depressed pricing inherent in these types of transactions has pretty much run its course.  Balance Sheets today are much healthier than those from five or six years ago.

Bottom line:  Radio has turned the corner.

While multiples are still mostly between 6x and 7x, look for fewer deals in the 5s and more pushing 8x.  The bias is now clearly to the upside.

If you would like to confidentially discuss station pricing and opportunities, the Media Services Group suite will once again be at the Encore beginning on Sunday.  Please get in touch if you would like to get together.

George
Media Services Group

Wednesday, March 5, 2014

Tuesday, January 21, 2014

JVC expands into Gainesville-Ocala, FL

JVC Media/JVC Broadcasting has expanded with JVC Media of Florida’s announcement to purchase a Gainesville/Ocala, FL cluster from Asterisk Communications. JVC has been operating the stations in an LMA since May. On January 17, JVC filed its formal application to acquire the stations for $3.5 Million.*

The stations include Hot AC WMFQ-FM, Country WTRS-FM/WYGC-FM simulcast and Rhythmic CHR WXJZ (“Party 100.9”). The $3.5 million deal includes $350K down, $500,000 in a promissory note and $2,650,000 cash at closing.

JVC will spin its CHR/Dance WBXY-FM (“Party 99.5) to RMA Media (Ricardo Arroyo) for $500K. On December 26, Party 99.5’s format was moved to JVC’s WXJZ-FM (100.9) last month. John Caracciolo and Victor Canales are the principals of JVC, and financing is provided by Northwood Ventures. The stations include two primarily serving the Ocala and three oriented to the northern Gainesville side.

Ocala
WTRS-FM Dunnellon, a Class C2 on 102.3 MHz with 50 kW @ 489’
WMFQ-FM Ocala, a Class C2 on 92.9 MHz with 50 kW @ 476’

Gainesville
WXJZ-FM Gainesville, a Class A on 100.9 MHz with 6 kW @ 299’
WBXY-FM La Crosse, a Class A on 99.5 MHz with 2.2 kW @ 472’
WYGC-FM High Springs, a Class A on 104.9 MHz with 3.2 kW @ 449’

I was pleased to represent the seller, Asterisk Communications in the transaction.  Congratulations to Fred Ingham, John Caracciolo, Paul Homer, Ricardo Arroyo, and Victor Canales on the deal.

*Pending FCC approval

George
Media Services Group