LIN TV (TVL) at Front of the Line for Consolidation in Broadcast Market -Gabelli
More News related to NXST
- Nexstar Broadcasting Reports First Quarter Revenue of $55.5 Million Reflecting 35% Rise in Retransmission and e-MEDIA Revenue
- Nexstar Broadcasting Group Moves First Quarter Reporting, Conference Call and Webcast to May 15
- Nexstar Broadcasting Announces CFO Resignation
- Nexstar Broadcasting to Report 2009 First Quarter Financial Results, Host Conference Call and Webcast on May 13
- Nexstar Broadcasting (NXST) Announces Multi-Year Retransmission Agreements with DIRECTV (DTV) and AT&T (T)
More News related to TVL
- Mark Higgins Named Vice President, General Manager of LIN TV's WTNH-TV/WCTX-TV
- Mark Higgins Named Vice President, General Manager of LIN TV's WTNH-TV/WCTX-TV
- LIN TV Announces 2009 Minority Scholarship Recipient
- Lin TV (TVL) Tops Q1 View: Guides Lower
- Trading Radar for 3/12: Smithfield Foods (SFD), Herley (HRLY), Aeropostale (ARO), ReneSola (SOL) Report; Initial Jobless Claims, Retail Sales Due
Gabelli & Co. maintains a Buy rating on LIN TV (NYSE: TVL). The firm has a private market value of $25 on the stock.
The firm believes that TV broadcasters are positioned better than other forms of traditional media given the line of new revenues approaching and "the fact that TV viewing patterns have not materially changed." Gabelli feels LIN TV will restart reviews for strategic alternatives (which were terminated on December 6) after credit markets recover.
Notably, Gabelli points out that "too many" broadcasters have market caps that are too small, and believes this could create an environment that is "ripe for consolidation." The firm calls LIN TV and Nexstar (Nasdaq: NXST) "at the front of the line" for this process.
LIN TV Corp., together with its subsidiaries, operates as a local television and digital media company in the United States.
Related Categories
Analyst CommentsStocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
