2.9.1.1Vertical

Digital Broadcast & OTT Networks

Digital-first broadcast channels and streaming-enabled networks.

Market snapshot

These figures describe Broadcast Media (TV & Radio) (2.9.1), the segment that Digital Broadcast & OTT Networks sits within — not Digital Broadcast & OTT Networks on its own.

Market size
~$45B
Growth
~-8%CAGR (2017–22, nominal — declining)
Companies
~6,400
FragmentationConsolidatingEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 516110/516120 (radio/TV broadcasting; 2017 codes 5151xx). Decline reflects cord-cutting and a NAICS-2022 reclassification of some content into streaming (516210).

Business model & economics

Revenue model

Advertising plus retransmission and carriage fees

Key economics

Recurring revenue
Moderate

carriage fees recur; advertising is cyclical

EBITDA margin
Pressured as the model erodes
Capex intensity
Moderate

Characteristics

  • Structurally declining from cord-cutting and digital ad shift.
  • Local TV retains value via retransmission and political ad cycles.
  • Radio hit hardest, with operators restructuring.

M&A deal context

Deal activityModerate

Who’s acquiring

  • TV station-group consolidators
  • Distressed-asset acquirers
  • Radio & audio platforms

What’s driving deals

  • Consolidation among TV station groups.
  • Distress and restructuring in radio.
  • Retransmission and political-ad value in local TV.

Find Digital Broadcast & OTT Networks acquisition targets

Search Acquisera’s index for companies classified under Digital Broadcast & OTT Networks (2.9.1.1) and build a targeted deal pipeline.

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