Even as Profits Rise, Local TV Stocks Struggling

By Andrew Gauthier 


Local TV station advertising revenue and overall profits may be skyrocketing upwards — but station value isn’t rising for media investors.

Looking at the six pure-play TV station groups, New York-based media investment company M.C. Alcamo & Co, says companies are trading at less than they did at the start of the year — even though revenues and profits are higher.

M.C. Alcamo says the six pure play TV groups — Belo Corp, Sinclair Television Group, Fisher Communications Group, Nexstar Broadcasting, Entravision Communications, Gray Television, and LIN Television — are trading at an average of 9.6 times EBIDTA More…