I think the stocks are moving higher on two fronts. One is obviously an anticipation of some sort of announcement from the FCC. Secondly, I think it's broadly in response to the Fed rate cut, as it relates to advertising and the improving economic picture in the second half of this year.
More Quotes from Michael Kupinski:
He has experience running a media conglomerate, and that carries a lot of weight.Michael Kupinski
We have met with a number of the FCC commissioners and they've indicated that this deal should go through, so I don't think there is going to be a holdup from the FCC.
Michael Kupinski
Hold. While likely to grow faster than its peers, we forecast a deceleration in revenue growth.
Michael Kupinski
We think the revenues were in line or perhaps a little better than the Street, which is attributable to the deceleration of declines in radio revenue and improving outdoor advertising revenues.
Michael Kupinski
We're talking about help wanted, real estate and automobile advertising. They've developed zoned advertising, the addition of color so they can retain their retail advertisers, as well as the addition of special sections. All of these factors have been very advantageous to them to develop advertising and also to retain advertisers and charge higher prices.
Michael Kupinski
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