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Excerpt from Practical Guidance

Expert Analysis

Consolidation And Cross-Ownership: Trends In Media M&A

By Meredith Senter Jr. and Erin Kim (March 7, 2018, 12:50 PM EST) -- Mergers and acquisitions in the U.S. media industry have been on the rise. Television M&A is returning after a hiatus due to "quiet period" restrictions related to the incentive auction held by the Federal Communications Commission. In the incentive auction that ended in April 2017, the FCC auctioned off television station spectrum for wireless use. Stations that waited out the prohibition on transfers during the incentive auction are now doing deals, as are stations that hoped to sell in the auction but did not. We are also seeing deals involving the sale of the residual assets of television stations sold in the auction....

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