It's definitely a consolidating sector. With few assets likely to come on the block, you can definitely command a premium.
More Quotes from Philip Olsen:
They're being responsive because this is something the equity market has been looking for as a way to target some of (News Corp.'s) pure entertainment assets.Philip Olsen
I think, under the traditional broadcast model, it is going to be very difficult to get other revenue streams right now.
Philip Olsen
He's never been afraid to pay and keep a top producer.
Philip Olsen
Mel clearly has Wall Street's ear and attention. Whatever goes on, I think they want to hear it from Mel.
Philip Olsen
Either you control your costs better by being integrated vertically by owning production, or the alternative is capturing new revenue streams.
Philip Olsen
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