Market Overview

(TVL) LIN TV Corp, Thank You for 78% in 2012, We Prefer Belo at Current Valuation. Finjitsu Research


Finjitsu Research - Associated Analysts 

CHICAGO, IL - Jan. 9, 2013

 

Current Perspective

TVL shares rose 78% in 2012 to close the year at $7.53 per share and hit $9.15 in yesterday's trading. On a relative valuation basis to Belo Corp (BLC: NYSE) and other peers, we have become less optimistic on TVL.  That said, we think that over-delivery of political advertising, and opportunities resident in the New Vision acquisition (among other things) are contributing to the stock price appreciation. 

Previous Perspective

On November 8, LIN reported third quarter results. Net revenues up 36% with local increasing 17% and national rising 11%. Core time sales, ex political, rose 6%. Auto was up 23%, helped by the return of Japanese nameplates versus last year's tsunami-affected period. While upbeat about 4Q, LIN was more cautious about 2013 and the potential for an economic slowdown.

For more information on this brief please visit: (TVL) LIN TV Corp, Thank You for 78% in 2012, We Prefer Belo at Current Valuation.

For more general financial information about (TVL) LIN TV Corp, and other companies, please visit the Finjitsu Research Portal.

 

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