The number of TV stations sold rose in 2017, but the value of those deals fell, according to a new report from BIA/Kelsey.
A total of 107 TV stations were sold in 2017, compared with 97 the prior year. Nine of those station deals came in December.
The value of the TV station deals was $4.68 billion, down from $5.28 billion in 2016, BIA/Kelsey said.
Related: Tegna to Buy Two Midwest Television Inc. Stations for $325M
For 2018, BIA/Kelsey noted that the Federal Communications Commission relaxed regulations regarding local ownership of local TV stations and looser rules on television-radio-newspaper cross-ownership.
“While there is some question as to whether some or all of these new regulations will be challenged in the courts, there is some optimism that this relaxation will lead to an increase in station trading activity,” BIA/Kelsey said.
Read more at broadcastingcable.com.
Weekly digest of streaming and OTT industry news
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.