Investors should expect TV station groups to report strong earnings...
Investors should expect TV station groups to report strong earnings in Q3 as the Summer Olympics and political ad sales helped revenue, Benchmark analyst Edward Atorino wrote in a note. “We expect growth accelerated in Q3 and will continue over…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
the balance of the year,” he wrote. “Broadcasting stocks have shown substantial appreciation in recent months, but remain well below historical levels,” he said. “Despite the challenging outlook for 2013,” the long-term growth prospects for TV operators are “favorable” with much of the growth coming from high-margin retransmission consent and digital revenue lines, he said.