New York-based investment bank M.C. Alcamo & Co. says that publicly traded TV station groups “reported a respectable revenue growth rate of 1.2% over the first quarter in 2010, which itself had shown revenue growth of 15.3% from Q1 2009.”
State associations also oppose any plan without an enforceable guarantee that broadcasters will be held harmless in all respects.
Although TV stations are doing better financially, publicly traded, pure-play station groups are trading below the stock market as a whole. “Investors remain cautious about broadcast,” says Michael Alcamo, president of New York-based media investment company M.C. Alcamo & Co.