2013-01-11 01:52:29 -
Finjitsu Research - Associated Analysts
CHICAGO, IL - Jan. 9, 2013
Current Perspective
TVL shares rose 78% in 2012 to close the year at $7.53 per share and hit $9.15
in yesterday's trading. On a relative valuation basis to Belo Corp (BLC: NYSE)
and other peers, we have become less optimistic on TVL. That said, we think
that over-delivery of political advertising, and opportunities resident in the
New Vision acquisition (among other things) are contributing to the stock price
appreciation.
Previous Perspective
On November 8, LIN reported third quarter results. Net revenues up 36% with
local increasing 17% and national rising 11%. Core time sales, ex political,
rose 6%. Auto was up 23%, helped by the return of Japanese nameplates versus
last year's tsunami-affected period. While upbeat about 4Q, LIN was more
cautious about 2013
and the potential for an economic slowdown.
For more information on this brief please visit: (TVL) LIN TV Corp, Thank You
for 78% in 2012, We Prefer Belo at Current Valuation.
For more general financial information about (TVL) LIN TV Corp, and other
companies, please visit the Finjitsu Research Portal.
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