LIN Media is focused on monetizing spectrum, and...
LIN Media is focused on monetizing spectrum, and using the FCC incentive auction, said Wells Fargo analyst Marci Ryvicker in an email to investors. “LIN is the 1st public broadcaster to openly consider the incentive auction as one way to…
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monetize spectrum.” Ryvicker said the company could make “hundreds of millions of dollars” through the auction. LIN is also looking at making money from spectrum using mobile DTV, Ultra HD and leasing, she wrote. “M&A is a ‘when’ rather than an ‘if'” for LIN, said Ryvicker, calling mergers and acquisitions a “priority” for LIN management. The broadcaster will also be renewing a majority of its retransmission consent contracts within the next two years, which could lead to growth in that side of the business, Ryvicker said. LIN could see an estimated 30 percent net retrans growth in 2014, she said. “While net retrans may be down in [2015], the [long-term] trajectory is a positive one.”