In 2006, Jim Leven and Bruce Mittman came together to form the broadcast group Community Broadcasters, with the goal of being the voice for the community in small and mid-sized radio markets. The duo’s primary area of focus has been in the Northeast, but recently they’ve expanded into the Southeast with the acquisition of 12 South Carolina radio stations from Miller Communications.
- A booming retail sector and business-friendly government regulations make the Southeast a great environment for businesses, specifically those in the radio industry.
- From a radio industry buyer’s perspective, the acquisition process doesn’t vary much from region to region. In addition to considering financials, there’s an increased focus on facilities and people.
- The current landscape of the broadcast industry means there’s likely to be more M&A opportunities in the future.