“M&A in the television broadcast space is far...
“M&A in the television broadcast space is far from over,” with assets worth $2.5 billion to $3 billion “on the market or likely to come to market soon,” wrote an industry analyst of mergers and acquisitions. Wachovia’s Marci Ryvicker also…
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said streaming broadcast-TV service Aereo may not much affect station owner Nexstar, which had no comment for our report. After meeting with the CEO and chief financial officer of Nexstar, Ryvicker said the company “is eyeing another round of acquisitions” worth $300 million to $500 million. Nexstar “has three big retrans years right around the corner,” the analyst wrote investors, speaking of retransmission consent fees in 2014 to 2016. “BIG question marks” loom for the company on Aereo, a streaming service broadcasters have sued to block, said Ryvicker. “Even if Aereo wins the copyright suit,” which Nexstar executives believe won’t likely happen, “this only impacts the surrounding NYC area,” where that streaming company is serving subscribers with local TV stations’ programming, she wrote Wednesday: “There is enough precedence (i.e. FilmON) to suggest Aereo won’t ’spread,'” and Nexstar “is in small markets which are out of Aereo’s ‘crosshairs.'” The 2nd U.S. Circuit Court of Appeals on Monday upheld a district court’s decision not to issue an injunction against Aereo, which was the subject of an FCBA event Wednesday. (See separate report above in this issue.)