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Welcome to Patcomm.com
The online home of Patrick Communications

Patrick Communications is a leading brokerage and investment banking firm located in Columbia, Maryland. We are a full service firm offering media, tower and telecom brokerage, television spectrum auction consultation, restructuring, investment banking, appraisals and management and financial consulting services. Over the last twenty years our principals have negotiated or appraised media transactions valued in excess of $7.5 billion.

Patrick Communications is also the nation’s top broker of non-commercial stations. No other media brokerage firm has sold more non-commercial stations than Patrick Communications. We have a unique understanding of the issues associated with marketing non-commercial stations that is unmatched.

Patrick Communications is highly regarded in both television and radio sales and offers fair market and asset appraisals that are the best in the business. If you are considering listing your station, or need an asset valuation, please contact us today for a consultation. Our reputation speaks for itself, but any of our past clients can testify for our expertise in representing them and we would be happy to provide a list of satisfied clients as references.

We encourage you to explore our site and learn more about our services. If you have any questions, please do not hesitate to contact one of our Partners.



Deals

Patrick Communications at work...

CheckmarkResonate Hawaii, LLC has agreed to the purchase of KBGX-FM in Keaau, Hawaii and KKOA-FM in Volcano, Hawaii from Mahalo Multimedia, LLC for $550,000. The exclusive brokers for this transaction were Susan Patrick and Jason James.

CheckmarkChristian Ministries of the Valley Inc. has agreed to the purchase of KJDL-FM in Lubbock, Texas from Walker Broadcasting & Communications for $312,500. The exclusive broker for this transaction was Jason James.

CheckmarkRiverfront Broadcasting, LLC has agreed to the purchase of KDDX-FM, KOTA-AM, KQRQ-FM, KZLK-FM, KZZI-FM, and four translators in Rapid City, South Dakota from Duhamel Broadcasting  for $3,600,000. The exclusive brokers for this transaction were Susan Patrick and Jason James.

CheckmarkAurora Media has has agreed to the purchase of WDBC-AM and WYKX-FM in Escanaba, Michigan from KMB Broadcasting for $400,000. The exclusive broker for this transaction was Jason James.

CheckmarkHC2 Holdings Inc. has agreed to the purchase of WJFB-TV in Nashville, Tennessee from Radiant Life Ministries Inc. for $5,750,000. Greg Guy was the exclusive broker for this transaction.

CheckmarkUniversity of Northwestern-St. Paul has CLOSED on the purchase of KGBI-FM in Omaha-Council Bluffs, Nebraska-Iowa from Salem Media Group, Inc. for $3,150,000. The exclusive broker for this transaction was Greg Guy.

CheckmarkNBZ LLC has CLOSED on the purchase of WNBZ-FM in Burlington-Plattsburgh, Vermont-New York from Saranac Lake Radio for $300,000. The exclusive broker for this transaction was Jason James.

CheckmarkHC2 Holdings Inc. has agreed to the purchase of KPNZ-DT in Salt Lake City, Utah from Liberman Broadcasting Inc. for $3,325,000. The exclusive broker for this transaction was Greg Guy.

CheckmarkTrinity Broadcasting Network has agreed to the purchase of WDVB-CD in Edison, NJ (New York City Market) and WLPD-CD in Chicago, IL from LocusPoint Networks for $13,000,000. The exclusive broker for this transaction was Greg Guy.

CheckmarkHC2 Holdings Inc. has agreed to the purchase of WPSJ-CD in Philadelphia, Pennsylvania from Prime Time Partners Inc. for $1,750,000. The exclusive broker for this transaction was Greg Guy.


For a list of selected transactions, please visit our Transactions page.
News

Patrick Communications Again Named One of The Top Broadcast Brokers


S&P Global Broadcast Investor recently released their broker rankings for 2018 and once again Patrick Communications was named among the top media brokerage firms in the country. Television led the way as the firm brokered the sale of fifteen broadcast television stations, more than any other broker. This includes four of the six largest brokered television station transactions of 2018. These transactions involved full power station sales in major markets like Miami, Salt Lake City, New Orleans and Nashville as well as Class A stations in New York, Las Vegas, Chicago and Detroit among others. The largest transactions included the sale of Class A stations in New York and Chicago to Trinity Broadcasting for $13.0 million and the sale of WGEN-TV in Miami to Liberman Broadcasting for $10.5 million. Prices for both “stick” stations and cash flow multiples remained stable with significant activity among a variety of buyers including Spanish-language, religious and traditional network affiliates.

Radio transactions remained stable with steady activity in both rated and unrated markets. This ranged from the sale of a cluster of stations in Washington, D.C. to sales of multiple clusters in smaller unrated markets. Cash flow remains a priority for radio buyers as buyers with capital are being selective in the markets and opportunities they pursue. The potential for ownership deregulation has brought some renewed interest back into the market.

Overall, brokered broadcast transactions remained steady with total deal volume up over both 2016 and 2017. Multiples held firm for both radio and television, providing continued stability in the market.

While not tracked by S&P Global, towers remained a very active segment as well. While the space has been heavily consolidated in the past several years, Patrick was very active brokering multiple tower transactions. There remain more buyers than sellers in this space and tower multiples remain strong, well above cash flow multiples for both radio and television stations.

2018 marked the third year in a row that Patrick ranked among the Top 3 brokers overall. Over the past ten years Patrick is one of only two firms to broker over 180 transactions, negotiating 187 deals involving 446 stations since 2009.

2019 is shaping up to be another very strong year with the announcement of the sale of Duhamel Broadcasting’s cluster of five full power stations with three translators in Rapid City, South Dakota for $3.6 million. There has been an uptick in buyers exploring an investment in radio with the anticipation of potential ownership deregulation on the horizon.

For more news content, please visit our News & Articles page.