Local television stations are seeing a rise in...
Local television stations are seeing a rise in revenue from retransmission consent agreements, said investment adviser BIA/Kelsey Tuesday. According to BIA/Kelsey’s release, revenue from retransmission agreements contributed an average of 6.5 percent of total local television station revenue in 2012.…
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BIA/Kelsey predicted the revenue “is expected to grow to 9.5 percent by 2017 as contracts expire and are renegotiated.” It said the prediction is based on the overall and expected growth in TV households, cable penetration rates, fees local stations are receiving from cable and satellite delivery systems, fees stations pay parent networks, and the amounts received by non-top four affiliates. In Tuesday’s release, BIA/Kelsey Chief Economist Mark Fratrik said the rising revenues “reflect the changing arrangements between local affiliates and the parent networks."