Value of TV Firms Down A Third Since 2010

As of Jan. 31, shares of the six pure-play groups were trading at a multiple of 7.3 times trailing 12-month EBITDA, down 32% from the 10.7 times from two years earlier, according to a study by M.C. Alcamo & Co. Investors remain “cautious” despite positive signs, says Alcamo President Michael Alcamo.