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Radio TelevisionM&A Activity

Deal flow, active acquirers, and current market trend - based on 151real disclosed M&A transactions in the radio television space. Run the calculator below to price your business at current multiples.

151 disclosed deals106 with EBITDAMarket: declining

State of Radio TelevisionM&A in 2026

The radio television M&A market is tracked across 151 disclosed transactions in the ExitValue.ai database (106 with EBITDA disclosed, 142 with revenue). The current market trend is declining.

Active acquirers include Charter Communications, Inc., Nexstar Media Group, Inc., Sinclair, Inc., DIRECTV Holdings, LLC. Recent named transactions: Cox Communications, Inc. (2025); TEGNA Inc. (2025); The E.W. Scripps Company (2025).

Premium valuations in radio television are driven by market rank/share; advertising revenue mix; retransmission fees.

What compresses valuations: cord-cutting; digital ad competition; political ad cycle dependency.

Source: SEC filings, EDGAR 8-K/S-4, and verified press releases. Run the calculator below to see the specific multiples that apply to your business.

Recent named M&A deals in radio television

Most-recent disclosed transactions. Click any deal for full detail (multiples, financials, source).

Cox Communications, Inc.Charter Communications, Inc.
2025
TEGNA Inc.Nexstar Media Group, Inc.
2025
The E.W. Scripps CompanySinclair, Inc.
2025
Liberty Broadband CorporationCharter Communications, Inc.
2024
DISH DBS CorporationDIRECTV Holdings, LLC
2024
ZoomerMedia LimitedFairfax Financial Holdings Limited
2024

Sourced from SEC filings, EDGAR 8-K/S-4, and verified press releases.

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What drives a premium valuation

  • market rank/share
  • advertising revenue mix
  • retransmission fees
  • content costs
  • digital presence

What compresses valuation

  • cord-cutting
  • digital ad competition
  • political ad cycle dependency
  • FCC regulation
  • talent costs

Radio Television valuation: common questions

How is a radio television business valued?

Radio Television businesses are valued by benchmarking against comparable completed M&A transactions, then adjusting for the specific business. Owner-operator practices are typically priced on an earnings or seller-discretionary-earnings basis, while businesses at platform scale shift toward institutional earnings-multiple methodology. The ExitValue.ai engine selects the methodology that the comparable deal set actually used and adjusts for margin quality, growth, owner dependency, customer concentration, and recurring-revenue mix.

What drives radio television valuation?

The biggest value levers in radio television are recurring or repeat revenue, owner independence (the business runs without the founder), customer diversification (no single client dominates), a credible growth trajectory, and operating-margin quality relative to the vertical. In this space specifically, buyers pay up for market rank/share; advertising revenue mix; retransmission fees.

How many radio television M&A deals are tracked?

ExitValue.ai tracks 151 disclosed radio television M&A transactions, 106 with EBITDA disclosed, 142 with revenue disclosed, sourced from SEC filings, EDGAR 8-K/S-4 documents, and verified press releases and refreshed daily. Current market trend: declining.

Who buys radio television businesses?

Radio Television businesses are acquired by strategic acquirers (larger operators in the same space), and unknown, and private-equity platforms and roll-up consolidators. Recent named acquirers include Charter Communications, Inc., Nexstar Media Group, Inc., Sinclair, Inc., DIRECTV Holdings, LLC.

What is my radio television business worth?

Run the ExitValue.ai radio television calculator to see your business priced against the 151 disclosed radio television transactions in the database. The engine applies adjustments for margin, growth, owner dependency, customer concentration, and recurring revenue mix to produce a tight range around the most-likely transaction value.