UBS Global Media Conference: Networks Need Our Retrans, Says Sinclair
Growing group bigger than ABC's
By Michael Malone -- Broadcasting & Cable, 12/4/2012 2:02:32 PM
Ever on the move, Sinclair announced it had agreed to acquire Rochester powerhouse WHAM for $54 million Dec. 3.
Its increased breadth gives Sinclair significant clout in terms of retrans, noted Amy, and quells any concern about the major broadcast networks skipping the stations to go direct to cable. "It has become a very substantial revenue line for them," he said. "Our relationship has grown much more significant. I wouldn't call [networks going straight to cable] a risk."
Amy expects Sinclair's retrans revenue to double over the next three years.
Sinclair's EBITDA looks to be $402 million in 2012, said Amy, up from $269 million last year.
Amy says television -- local television -- remains a key factor in consumers' purchase decisions. "We are still crucial for a successful product," he said.
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