Valuation & Appraisal Services

Well-substantiated valuations by qualified professionals are more critical than ever in an era of more oversight by investors and regulatory bodies. BIA/Kelsey has a history of distinguished service in the valuation of many of the largest new and traditional media and telecommunications firms in the world. Our clients rely upon BIA/Kelsey to assist them with their tax and financial reporting requirements. Our qualified professionals in return provide well-grounded and defendable valuations to assist clients in obtaining financing, accurately reflect values of assets received in acquisitions, established stock and option values, and compliance with tax laws and other requirements.

BIA/Kelsey has performed more than 4,000 valuation engagements during the past 26 years at an aggregate value exceeding $90 billion. Our flexibility makes us as comfortable valuing a multibillion dollar company as we are valuing a start up.

Valuations

As an independent third party expert, we provide valuations based on the most sophisticated appraisal and financial techniques. In valuing tangible and intangible assets under a going concern or any liquidation scenario, BIA/Kelsey uses the three most widely accepted approaches to value:

• Cost Approach,
• Market Approach, or
• Income Approach

BIA/Kelsey begins every project with a thorough analysis of the assignment before determining the approach that will yield the most effective valuation. We pride ourselves on the relationships we build with our clients in order to produce the most credible and defendable value possible. We provide confidence to your directors, shareholders, credit committees and loan review officers, as well as investors and attorneys.

BIA/Kelsey knows the intricacies of your industry - and, we strive to know your business to make our engagement with you successful.

Purchase Price Appraisals

With expert knowledge of the all the different media, telecommunications and technology businesses, BIA/Kelsey is well positioned to provide a reliable appraisal of tangible and intangible assets. A BIA/Kelsey purchase price appraisal is a valuation of the component assets of a business. It determines the worth of both individual tangible assets (i.e. equipment, furniture and fixtures, server banks, buildings and land) and intangible assets (i.e. FCC licenses, intellectual property, advertiser or subscriber bases, affiliation agreements, leases plus other contracts and goodwill.)

Our numbers stand up. Our asset appraisals are prepared by experienced experts who work hard to make them the most extensive and supportable to be found anywhere.

Examples of our areas of expertise include:

BIA/Kelsey has completed the following types of valuations and appraisals:

• Valued a leading Digital Out-of-Home(DOOH) company for financing purposes.
• Evaluated a joint operating agreement between two prominent communications firms in a US territory
• Provided values on a web property operating in a partnership between two local media firms
• Analyzed the impact of a Superstation carriage on a leading professional athletic association.
• Evaluated the spectrum value of the EBS licenses of dozens of schools and colleges.
• Prepared valuation of FCC licenses and testimony for a landmark case in US Tax Court using precedent-setting valuation techniques.
• Conducted an analysis of FCC "Must Carry" rules for a prominent cable television operator.
• Performed operational audits for a client with multiple radio stations to assure compliance among properties.
• Appraised potential acquisitions and prepared evaluation of stock for a leading radio industry player.

For more information on our valuation services, please contact us at: info@bia.com.