Wedbush initiates Sinclair at Outperform, sees higher retransmission fees

|About: Sinclair Broadcast Group, Inc. (SBGI)|By:, SA News Editor

Wedbush initiates Sinclair Broadcasting (SBGI +2.9%) at Outperform with a PT of $43.

Analyst James Dix outlines his three-pronged thesis: "1) SBGI’s scale gives it greater leverage than peers for higher retransmission fees, 2) SBGI’s scale is a more credible bulwark against escalating reverse compensation payments, and 3) SBGI's management, more tech-savvy than peers, may be a leading beneficiary of long-term increases in TV station spectrum values."