BUYER POOL ANALYSIS
Selling a Radio Television to Strategic / Industry buyers
Industry operators, larger competitors, and corporate buyers acquiring for synergies, geographic expansion, or capability fill. Typically pays a premium for clear strategic fit but discounts for integration cost and overlap.
Quick answers
- What multiple does this buyer pool pay?
- Median EV/EBITDA 8.27x across 14 disclosed deals (P25: 6.99x, P75: 11.57x). Median EV/Revenue 2.69x across 15 deals. Median deal value: $5399.56M.
- How many disclosed transactions?
- 16 deals total (16 from 2018+), filtered to Strategic / Industry acquirers of radio television businesses.
- Most active buyers
- Charter Communications, Inc. (2) · Nexstar Media Group, Inc. (2) · Optimum Communications, Inc. (2) · Sinclair, Inc. (1) · Fairfax Financial Holdings Limited (1) · EchoStar Corporation (1)
Recent disclosed deals
Strategic / Industry acquisitions of radio television businesses with named target, named acquirer, and disclosed financials.
| Year | Target | Acquirer | EV | EV/EBITDA | EV/Rev |
|---|---|---|---|---|---|
| 2025 | Cox Communications, Inc. | Charter Communications, Inc. | $36697.6M | 7.4x | — |
| 2025 | TEGNA Inc. | Nexstar Media Group, Inc. | $6012.8M | 7.2x | 2.00x |
| 2025 | The E.W. Scripps Company | Sinclair, Inc. | $3710.6M | 7.9x | 1.63x |
| 2024 | Liberty Broadband Corporation | Charter Communications, Inc. | $17098.4M | 11.0x | 17.05x |
| 2024 | ZoomerMedia Limited | Fairfax Financial Holdings Limited | $27.7M | 15.8x | 0.79x |
| 2023 | DISH Network Corporation | EchoStar Corporation | $25061.1M | 10.9x | 1.57x |
What this buyer pool prices for
Strategic buyers — operators in adjacent geographies, larger competitors, or corporate consolidators — price for synergies and capability fill. They tend to discount integration cost and overlap risk but pay above market when there's clear strategic fit (key customer relationship, license, geography, technician/professional team). Multiples are competitive with PE for fee-viable deals; below PE for sub-scale acquisitions.
Methodology note
Multiples shown are computed from disclosed M&A transactions in the ExitValue.ai database, filtered to radio television businesses acquired by strategic / industry buyers. EV/EBITDA outliers outside the [0.5x, 60x] band and EV/Revenue outliers outside [0.05x, 25x] are excluded from medians. Where available, post-2018 transactions are weighted; otherwise the all-time sample is used. Deal counts shown reflect deals with disclosed financials only — total transaction count for this buyer pool is typically 2-3x larger. Full methodology
What's your radio television worth to strategic / industry?
Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.
Engine-grounded estimate. Comparable strategic / industry deals on the full results page.