- Transfer requires regulator approval — allow four to six months
- Sold with the transmission chain and two of three site leases
- Format commitment includes a daily local news obligation
FM, DAB and local TV licences, usually sold with the transmission chain.
Turnover, running costs, occupancy and contract terms are owner-supplied and unaudited. Verify them yourself before you commit: the sale is agreed directly between the two parties and Admarket takes no part in it.
Turnover is shown weekly, monthly and annually on each card. 1 of 2 sellers publish it; the rest release figures under NDA.
The four things that most often change the price of broadcast licences after the first meeting.
Read the format commitments as well as the expiry. A licence that obliges you to carry local news has a cost structure attached to it.
Most jurisdictions require the regulator to approve the change of control. Establish the timetable before agreeing a completion date.
The mast is rarely owned. Check the site lease, the power supply agreement and any shared-site costs.
Collecting-society arrears and inherited employment contracts both transfer. Ask for the last two years of licence returns.
This is a starting checklist, not advice. Take your own legal and financial advice before signing anything.