U.S. sees brisk business in broadcast station M&A in 2017: Kagan

MONTEREY, CA - U.S. broadcast station mergers and acquisitions volume reached $748.8 million in the fourth quarter of 2017 and closed the year at $8.24 billion, the highest annual deal volume since 2014 and the third-highest since the financial crisis of 2008, says new research by Kagan, a media research group within S&P Global Market Intelligence.In the fourth quarter of 2017, one-third of U.S. broadcast station deal volume ($248.3 million) came from radio deals. TV deal volume reached $500.5 million, with 65% of that from the top deal of the quarter.The total broadcast deal volume in 2017 amounted to $8.24...