A Silver Lining For Local TV
Reuters ran a story today quoted a Barron's article, that shows a potential silver lining for local television shareholders.
They note the success in gaining retransmission fees from cable and other distributors. This money goes straight to the bottom line.
Sinclair Broadcasting has been in the news recently with a very noisy fight (they won) over cable company Mediacom. They are leading the charge now with Comcast. Let's see how they do there.
So the cash flow is improving with this (one time) jump in revenues. But I suspect that, as the Barron's article notes, whether we will see one of Hearst, Sinclair, Lin etc. get eaten up by the private equity guys.
They note the success in gaining retransmission fees from cable and other distributors. This money goes straight to the bottom line.
Sinclair Broadcasting has been in the news recently with a very noisy fight (they won) over cable company Mediacom. They are leading the charge now with Comcast. Let's see how they do there.
So the cash flow is improving with this (one time) jump in revenues. But I suspect that, as the Barron's article notes, whether we will see one of Hearst, Sinclair, Lin etc. get eaten up by the private equity guys.
posted by Michael B. Cooper | 8:31 AM
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