LIN Television (station list) says it has hired JP Morgan to advise on a potential sale. Also, Nexstar Broadcasting has hired Goldman Sachs to do the same. “Station groups may feel their value has peaked and face an uncertain future,” writes David Goetzl in MediaPost. “Consumers continue to migrate to the web for news and information, and local newscasts account for a major portion of a station’s revenue.” So have TV stations peaked in value? Or is this just a lull until stations can regain their footing in a digital world?
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