In its sweeping and expansive decision in Estate of Gallagher, the U.S Tax Court addressed many facets of the valuation process and, it would seem, the valuation profession. Yet, amid the introspective and searching analyses of the decision, most attention was deflected away from the businesses being valued themselves: radio and television stations. While the focus has been set on discounted cash flows and other valuation techniques, on question remains: how much do we really know about radio and television stations?
In the latest installment of BVR’s Industry Spotlight Series appraiser Peter Bowman and industry expert Paul Fink join BVR to discuss the operations, valuations, and nuances of the first of these businesses: radio stations. Through their 75 minute presentation, Bowman and Fink will discuss what every appraiser should know when valuing a radio station, how these businesses differ from most, and how these operational nuances can impact the valuation process and determination of value.
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The information, analysis and opinions expressed in the webinars, podcasts and/or congress presentations are solely those of the presenter/author, are not reviewed by the Institute as to content or accuracy, and are not endorsed by CBV Institute or any of its Members.