“Winds Of Consolidation Keep Blowing” on TV-station owners,...
"Winds Of Consolidation Keep Blowing” on TV-station owners, was the headline of a Credit Suisse report to investors on Nexstar and Mission Broadcasting buying 19 of them for $270 million (CD April 25 p15). There may be more mergers and…
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acquisitions, Credit Suisse analysts including Michael Senno wrote Thursday, a day after the deal was disclosed. “Geography and duopolies are MOST important here,” wrote Wells Fargo’s Marci Ryvicker of the potential for cost savings. Nexstar’s hubs are “very close” to the stations it’s buying, she wrote.