CBS Earnings Preview: What to Watch
02.10.12 | 04:51 PM
The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is s...
TV Stars
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01.13.07Views:
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From Barrons, Jan 15, 2007 issue, p. 20. Basic premise is that Wall Street has been starting to warm to the TV operators after a cool period. Wall Street thinks that the TV operators will get better retransmission rates from cable operators and that the business will prove more durable than newspapers. The publicly traded TV operators arent as threatened by the Internet because they own TV stations in small and mid-size cities.Also, NY Times just got 13x cash flows from Oak Hill Capital Partners for their TV stations. All of the TV operators listed in this portfolio trade between 9 and 12 with Hearst being the most expensive at 11.5x and Nexstar being the cheapest at 9x.
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