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Sinclair Broadcast Group, Inc. Message Board

  • martelxo92 martelxo92 Dec 3, 2012 1:10 PM Flag

    Looks like we bought WHAM in Rochester for 54 million

    Market #81, number 1b station in the market. Does right at 6.5-7.0 million in cash flow so we bought it at 8 to 1 multiple. With increased retrans from SBGI deals and cost efficiencies probably be closer to 7 to 1 multiple.
    About to buy parts of Barrington as well.
    I love it. Keep buying, short term the stock may suffer but longer term this is the right thing. Buy when cheap, sell when high.

 
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