How'd the other guys do?
We reported in Wednesday's RBR on the lackluster performance of radio stocks in Q1, which paralleled the overall stock market. The quarter was better for your television brethren, pure play TV companies in particular, as investors saw proof that new revenues are coming by way of cash payments for retransmission consent agreements with cable MSOs. Nexstar, which initially led the retrans fight, battled out of penny stock territory and finished Q1 up nearly 107%. Sinclair, which won the most recent high-profile retrans battles, gained over 47%. Also big gainers in Q1 were other pure plays such as LIN (which also made a big sale to de-lever), Young and Gray. The biggest gainer of all, though a penny stock, was Ion Media, up 166% after receiving a buyout bid from NBC Universal and Citadel LP. Of the 35 TV stocks tracked daily by our sister publication TVBR, 23 were up in Q1 and 12 were down.
Here are the numbers.
Q1 2007 television stock performance
|
Television
|
12/29/06
|
3/30/07
|
2007
|
2007
|
Company
|
Close
|
Close
|
Net Chg
|
Pct Chg
|
|
Ion Media
|
0.50
|
1.33
|
0.83
|
166.00%
|
|
Nexstar
|
4.65
|
9.61
|
4.96
|
106.67%
|
|
LIN Television
|
9.95
|
15.90
|
5.95
|
59.80%
|
|
Sinclair
|
10.50
|
15.45
|
4.95
|
47.14%
|
|
Young
|
2.82
|
4.02
|
1.20
|
42.55%
|
|
Gray (common)
|
7.33
|
10.42
|
3.09
|
42.16%
|
|
Gray, Cl. A
|
8.22
|
10.45
|
2.23
|
27.13%
|
|
Entravision
|
8.22
|
9.34
|
1.12
|
13.63%
|
|
ACME
|
5.02
|
5.70
|
0.68
|
13.55%
|
|
Fisher
|
44.21
|
48.60
|
4.39
|
9.93%
|
|
News Corp.
|
22.26
|
24.47
|
2.21
|
9.93%
|
|
Hearst-Argyle
|
25.50
|
27.19
|
1.69
|
6.63%
|
|
Tribune
|
30.78
|
32.11
|
1.33
|
4.32%
|
|
Journal
|
12.61
|
13.11
|
0.50
|
3.97%
|
|
Media General
|
37.17
|
38.16
|
0.99
|
2.66%
|
|
Emmis
|
8.24
|
8.44
|
0.20
|
2.43%
|
|
Wash. Post
|
745.60
|
763.50
|
17.90
|
2.40%
|
|
Univision*
|
35.42
|
36.23
|
0.81
|
2.29%
|
|
Lincoln National
|
66.40
|
67.79
|
1.39
|
2.09%
|
|
Meredith
|
56.35
|
57.39
|
1.04
|
1.85%
|
|
Belo
|
18.37
|
18.67
|
0.30
|
1.63%
|
|
Saga
|
9.61
|
9.73
|
0.12
|
1.25%
|
|
Disney
|
34.27
|
34.43
|
0.16
|
0.47%
|
|
Clear Channel
|
35.54
|
35.04
|
-0.50
|
-1.41%
|
|
CBS Cl. B
|
31.18
|
30.59
|
-0.59
|
-1.89%
|
|
CBS Cl. A
|
31.22
|
30.61
|
-0.61
|
-1.95%
|
|
SBS
|
4.11
|
4.00
|
-0.11
|
-2.68%
|
|
New York Times
|
24.36
|
23.51
|
-0.85
|
-3.49%
|
|
General Elec.
|
37.21
|
35.36
|
-1.85
|
-4.97%
|
|
Gannett
|
60.46
|
56.29
|
-4.17
|
-6.90%
|
|
McGraw-Hill
|
68.02
|
62.88
|
-5.14
|
-7.56%
|
|
Time Warner
|
21.78
|
19.72
|
-2.06
|
-9.46%
|
|
Scripps
|
49.94
|
44.68
|
-5.26
|
-10.53%
|
|
Granite
|
0.13
|
0.07
|
-0.06
|
-46.15%
|
|
SWMX
|
2.10
|
0.85
|
-1.25
|
-59.52%
|
*taken private 3/28
©2007 Radio Business Report, Inc. All rights reserved.
