Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
Less than $1 billion worth of radio stations traded hands last year. First quarter this year looked even worse, with only 164 stations being sold for a total of just $46 million, according to BIAfn, the Chantilly, Va., data collection service that monitors media deals. In all, some 769 stations were sold in 2008 for about $700 million, the sixth time since 2001 that 1,000 or fewer stations were sold but the first time that the total valuation of deals had fallen below $1 billion.
In 2002, an identical number of stations were sold but for $5.4
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in