Good First Quarter For Group Owners

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.”

Group Owners: FCC Spectrum Plan Unlawful

State associations also oppose any plan without an enforceable guarantee that broadcasters will be held harmless in all respects.

Broadcast: Better Profits, Undervalued Stocks

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.