Broadcast Valuations Bouncing Back

Jan 7, 2010  •  Post A Comment

Six pure-play publicly owned broadcasters were valued by investment bank M.C. Alcamo & Co. at an average multiple of 10.7 X EBITDA at the end of 2009, a sign that the business is bouncing back, B&C reports.

The numbers indicate “significant confidence among investors–confidence in continued stock price appreciation and an anticipation of rising profitability throughout 2010-11," M.C. Alcamo President Michael Alcamo said. "Investors are willing to pay nearly eleven times EBITDA for companies that are well-positioned to benefit from advertising growth in the recovery."

–Elizabeth Jensen

One Comment

  1. Great post!

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