It ran a long way in a relatively short time. I'm going to sit with my SBGI for awhile and look for opportunities to short BLC. 1st quarter pacing in not good right now. Most of that due to the "cliff" talks putting off buys. Over the markets I follow local is pacing down 10% and national down slightly less.
TVL and SBGI will still show strong progess due to their recent purchases but the companies that didn't buy this past year (BLC) are about do see some strong loss in earnings power this year.