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Tuesday, Jul 2
The deal by Tribune Company (TRBMF.PK) to buy 19 local TV station sets the stage for a major...
The deal by Tribune Company (TRBMF.PK) to buy 19 local TV station sets the stage for a major battle over re-transmission fees in the industry. During a conference call yesterday, Tribune CFO Chandler Bigelow forecast the company would earn 10% to 20% more from retransmission fees in the near future in a development that could also be positive for Meredith (MDP), Sinclair Broadcast Group (SBGI), Media General (MEG), Nexstar Broadcasting Group (NXST), Gray Television (GTN), Lin TV (TVL), and CTC Media (CTCM) - although it's unlikely cable/satellite operators (TWC, CVC, CMCSA, CHTR, DTV, DISH) will buck up without a fight.