A Service of Clifton Gardiner & Company
Radio Station Brokers
There are several reasons why an accurate, up to date value of a radio station needs to be determined:
Radio stations are almost always valued through a process called a Fair Market Valuation, or FMV. This process allows for recognition of the unique features of the broadcast industry:
The value of a station’s equipment is not usually a component of the valuation, because it is assumed to be in good order for the station to cover “people” and to generate “cash flow”. (A FMV is sometimes reduced if the equipment is minimal or in bad condition.)
Radio Station Acquisition Financing: Under current US government regulations for financial institutions, banks are basically restricted to “asset based” loans with minimal consideration of the borrower’s operating income. For this reason, it is essential for a borrower to include a professionally prepared Fair Market Valuation in the loan request documents. The report must be comprehensive and each assumption or conclusion must be backed up by credible research and documentation.
Clifton Gardiner & Company provides radio station valuations to owners, lenders and many others for a variety of requirements. We can propose a valuation for any requirement, large or small. We are well known and respected in the broadcast industry for the accuracy of our valuation reports.
Radio Station Valuation
A division of
Clifton Gardiner & Company, LLC
24645 S Augusta Ct
Sun Lakes, AZ 85248