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Gray Television, Inc. Message Board

  • busy26795 busy26795 Oct 10, 2013 6:24 AM Flag

    LIN and GTN discusses as takeovers be SBGI on for this article

    "Sinclair Seen Weighing Gray Takeover After Losing Belo Real' M&A Bloomberg

    Lin, Gray

    Lin, Gray and Raycom may be among companies that Sinclair could consider buying all or parts of, Sweeney said. Lin, the owner of 43 TV stations, has a market value of $1.2 billion, and Gray is valued at $432 million. Since Gannett announced the acquisition of Belo, Gray has climbed 38 percent and Lin surged 88 percent as investors anticipated the wave of mergers would continue. Raycom is controlled by its employees and owns or provides services for 53 stations.

    Sinclair was “one of the first in this wave of consolidation, and they’ve been pretty aggressive,” Barry Lucas, senior vice president of research at Rye, New York-based Gabelli & Co., said in a phone interview. “There’s enough fertile ground out there that Sinclair could find additional opportunity.

    Gabelli’s affiliate Gamco Investors Inc., which manages about $40 billion, holds stakes in Sinclair, Belo, Lin and Gray. (GTN)

    Buy Both LIN and GTN

    Sentiment: Strong Buy

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