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Gray Television Inc. Message Board

  • daninfw04 daninfw04 Feb 13, 2014 4:34 PM Flag


    Value, I have enjoyed the discourse with you and have learned a few things. I decided to research further today. The case before the Supreme Court IS for copyright. If the court rules, historically they won't take up a similar case again. This is it one way or the other IMVHO. Here is an interesting excerpt from a news article yesterday:
    "The country’s highest court agreed to hear the appeal in January, and now they’ve set a date. In an argument schedule released on Tuesday, the court said it will hear the case on April 22nd.

    The schedule is also notable because Justice Samuel Alito has recused himself from the case, according to ScotusBlog.

    Such recusals typically arise because a judge has a financial or other type of conflict of interest. This means that the decision could end in a 4-4 tie – in which case, the lower court decision siding with Aereo will be upheld."
    This is from the same article:
    "Aereo’s future depends on a controversial interpretation of copyright law that received a green light from a New York appeals court, but that the broadcasters want the Supreme Court to declare illegal."
    In the brief Aereo just filed they point out that this is really an attack on the Cablevision decision which the court has already ruled on. I have read several other articles today. I now give the Aereo case a 75% chance of winning and taking all. The broadcasters have to win 5 to 3 as a tie is the same as a win for Aereo.
    You and I will have to agree to disagree but I see this as a real negative for this sector. The smart money apparently agrees with me.
    The broadcasters need to be concerned. This would not be taken to the Supreme Court if it wasn't important. Barry Diller wants a decision because he has mega investors lined up to take this national if Aereo is ruled legal. Sure, nothing will happen overnight, but once it begins.........DaninFW

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    • it sounds like you are an Aereo bull but iregardless of copywright for GTN 2014 will be an up year $$18 - $20

      Sentiment: Strong Buy

      • 2 Replies to press4facts
      • Aereo just lost an injuction in Utah, just read it, court slammed them pretty good, I was thinking they had a good shot in the Supreme Court, but the Utah court did their homework (including reviewing the New York case) and slammed them pretty good, I don't think Aereo wins now.

      • Your reading comprehension skills are severely lacking. I have been the biggest bull for this sector since SBGI was $1 and GTN was under a dollar. Read my other posts. This sector is crashing because of Wheeler now starting to challenge multiple station ownership at the FCC, Fear that the Aereo issue might actual amount to something.....and the latest that companies reporting thus far are missing on earnings, revenue or both. GTN will see $10 before it sees $14 much less $18-20 IMVHO. GTN is fairly priced at $12-14..........momentum is what drove this sector to record highs. I said months ago many times that we just needed a catalyst to spark a sector rotation. We now have 3 or 4 to close from as the culprit. I bought 30,000 EVC today at $5.81.........doesn't sound like I am afraid of Aereo. DaninFW

    • Dan, do you still think the broadcasters will dissolve shortly? I agree.

      I agree that they should all be shorted.

    • I'm still laughing about your description of the Supreme Court, so accurate. Half the articles that are being published are flat out wrong. We can definitely agree to disagree, and like I always say, time will tell. Yes the world is changing, but when you have the highest rated content you are going to get paid. The local news blows away the ratings of anything on Cable, including Fox News. Blows them away, yet they get a fraction of what they get. Even the Time Warner CEO said that all future dollars should go towards retrans, said it 2 years ago at the UBS conference.

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