In Executive Session, the Emmis CEO says he got into the TV station business believing that TV broadcasters could tap into the badly needed second revenue stream of retransmission consent fees. He got out when he concluded that the fees that stations could get were simply not enough.
RETRANS KEY TO GRAY'S DIGITAL DUOP STRATEGY
In the last retrans round, Gray settled for carriage of its digital second channels and received less than it had bargained for. This time, with 40 digital channels up and operating, it's shooting for analog carriage and possibly payments, too.
FULL STORYFINANCIAL WOES ROIL TV STATION MARKET
But it's not all bad news. While the credit crunch has forced some of the private equity players to the sidelines and scuttled some big deals, established station groups have a chance to make smaller, strategic buys with fewer bidders.
FULL STORYTV RESURGENCE LEAVES YOUNG BEHIND
The publicly-traded station group controlled by Vincent Young hasn't enjoyed the rise in value that many of its peers have. It's still hobbled by its ill-advised buy of KRON San Francisco, an MNT affiliate that generates little cash flow or interest from buyers.
FULL STORYYOU CAN'T TELL THE BUYERS FROM THE SELLERS
The nature of private equity ownership leads to TV station groups going quickly from making bids to accepting them. Just ask the folks at Nexstar and LIN.
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