Another lackluster performance by the comfortable ones...
They only beat last year's number by 5 cents yet they increased political revenue by 32 million. Expenses up 6%. Something doesn't add up.
Same old BS. This company needs to be bought and turned in the right direction. All the other broadcasters are breaking all time records in earnings and we are 15% below 2010's numbers.
I agree, these are weak numbers, but 2013 will be decent for them on a relative basis. This management is very weak, they are way to conservative and not good operators. Still, I believe the stock to be cheap, but this is your classic great asset with weak management.
They need to be broken up with some stations going to Raycom, Sinclair and Gannett. Those 3 groups could strategically purchase in their chosen markets. Eliminate about 32 plus million in corporate expenses and put these very high quality stations in a group that promotes growth. This asset is sitting here going sour, they need to be given to some groups that are cutting edge, making the right moves and start growing.