In order to preserve local public media services, Public Media Company represents institutions interested in selling their public radio or television stations to another public broadcaster. We also assist public broadcasters interested in selling their towers, and if necessary, negotiating a sale-leaseback provision.
If your organization is considering the sale of a tower, or if you are interested in selling your station while maintaining its public service to your community, we can help to find the optimal solution for your organization and for the community you serve. Our comprehensive representation services include connecting you with potential buyers; helping to evaluate buyer profiles; negotiating the terms of the sale; coordinating the due diligence process; designing the communications strategy; and working alongside the respective attorneys to a successful closing.
Our representation services include an assessment of the fair market value of radio and television licenses in the event of a sale. For tower sales and lease-back options, Public Media Company provides a cash flow analysis looking at the financial viability of an existing offer, setting the negotiating parameters, and any opportunity costs associated with the sale of these assets.
If you are interested in finding alternatives to selling your station, Public Media Company also works with organizations to strengthen their financial health through innovative operational and format changes, entering into an operating agreement with another public broadcaster, and finding creative financing solutions.
Spotlight On Selling a Station or Tower
“Public Media Company helped our university get $5 million for our noncommercial radio station and to select a new nonprofit owner dedicated to public service. We could not have achieved such a win-win result without Public Media Company.”
– Fred Puddester, Senior Associate Dean, John Hopkins University
Public Media Company represented Johns Hopkins on the sale of their frequency to WYPR, Baltimore’s NPR News station.
“Public Media Company’s expertise was well-rounded and impressive. Public Media Company understands the value of a license, how to operate a station and they also know the players in the field. It is remarkable what we were able to accomplish in only six months. Without Public Media Company, this process would have been extremely difficult.”
– Gregg Edwards, Director of Policy and Planning, State of New Jersey
Public Media Company represented the state of New Jersey in their sale of radio frequencies to WHYY and WNYC, and their public television operating agreement with WNET.