I think this was a spectrum play. With Spectrum auction back in the news it made me think what could we get if we sold some or even all of the MeTV we are purchasing for 40 million dollars. Being market 13 I'm sure the spectrum will be well priced to consider that. We could easily give them the frequencies they are asking for but why not just offer up that entire space.
The FCC is meeting today to determine what to pay broadcasters for spectrum. Word should leak out soon. I think there will be a lot of consolidation and sharing of spectrum in the duopoly and triopoly markets. I am back in SBGI as of this afternoon with 20,000 at $11.21 to $11.24.........hit the low of the day on the last 5,000. That's a little over 5.24% annual interest and I'm 99% sure there will be a special dividend. I'm just holding for a quick profit.....maybe a dime maybe a dollar. I think we should see a nice bounce in SBGI next week. All appearances was a big seller for past 3-4 days. I suspect a large holder getting out before end of quarter and booking a big profit or window dressing. I wouldn't be surprised to easily break $12 next week IMVHO. DaninFW