Local TV is alive and well, said Credit Suisse analyst...
Local TV is alive and well, said Credit Suisse analyst Michael Senno in a note to investors initiating coverage of Nexstar. The company agreed to buy 17 TV stations over the past 12 months. “We are positive on the acquisition…
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strategy given the fixed cost of local broadcasting and the increased leverage in retrans and affiliate contract negotiations,” Senno said. “Local station ownership remains fragmented and we expect further consolidation over the next few years,” he said.