As Smith said we should come in 4th quarter at 50% revenue growth. Should be a little higher if history repeats when talking about their outlooks. Let's look at 2013 and beyond.
1st quarter will be 40% higher with the comps now including Freedom and Newport which neither were owned last 1st quarter.
2nd quarter we lose about 14 million in political but we pick up the newly purchased comps of the Newport deal and continued retrans and core growth. I think we finish 2nd quarter plus 15-20%.
3rd quarter we will lose 28 million of political next year but with Newport and a solid 6-8% core/retrans growth we will still come in plus 15%.
4th quarter 2013 we will be flat to minus 5%. Lose 55 million of political but have core/retans growth plus the full quarter of Newport.
2013 full year revenue will grow on top of this crazy 2012 we are experiencing.
2014 political returns on the state level and we are up 20-25% that year.
For the next 2 years I don't know of a better investment than SBGI. I have turned into a longer term investor here as they will continue to add value to the company and my pockets as we go through the next 30 months.