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TV Stock Snapshot: LIN TV Put on Delist Notice
1/20/2009

LIN TV (NYSE: TVL), the broadcast TV group in Providence, R.I., was put on notice by the New York Stock Exchange last week after its market cap pegged less than $75 million for more than 30 consecutive days. Under Exchange rules, the company has 45 days from receiving the notice to submit a recovery plan, which it then has 18 months to executive.

LIN said it told the NYSE it would comply. TVL’s shares traded at around $1 from mid-December to Jan. 3, when it rallied to more than $1.71. It has since settled to about $1.40.

The chart below shows Friday close. Markets were closed yesterday for the federal holiday. The majority slipped about 5 percent shortly after the markets opened this morning. ACME Communications (OTC: ACME) was the biggest percentage gainer. The Santa Ana, Calif. company that runs six TV stations and syndicates "The Daily Buzz" weekday news and lifestyle show. ACME rose nearly 17 percent, though its share price is in the 30-cent range. It opened at 35 cents.

Sinclair Broadcast Group (NASDAQ: SBGI) logged the biggest slide of the group, down more than 21 percent from opening at $2.68 to less than $2.10 mid-morning. The suburban Baltimore broadcast group comprises 58 TV stations, 20 of them Fox affiliates. SBGI said it would announce 2008 results on Feb. 11.

 
Name Symbol Fri. Close Open High Low MktCap(mil)
The Washington Post Co. WPO $408.24 $409.00 $411.79 $404.45 $3,823.45
The Walt Disney Co. DIS $21.46 $21.67 $22.14 $20.78 $39,723.04
The McGraw-Hill MHP $21.44 $22.07 $22.30 $21.02 $6,742.88
Fisher Communications FSCI $19.21 $18.23 $19.22 $17.80 $167.80
Meredith Corp. MDP $18.82 $17.97 $19.49 $17.81 $849.10
Shaw Communications SJR $17.27 $16.90 $17.32 $16.79 $7,377.75
Grupo Televisa, S.A. (ADR) TV $14.85 $15.00 $15.26 $14.32 $8,339.78
General Electric Co. GE $13.96 $14.20 $14.34 $13.06 $146,522.11
News Corp. NWSA $8.02 $8.19 $8.19 $7.65 $20,960.72
Gannett Co., Inc. GCI $7.59 $7.60 $7.73 $7.31 $1,731.40
CBS Corp. CBS.A $7.28 $7.16 $7.43 $6.94 $4,871.92
CBS Corp. CBS $7.20 $7.23 $7.41 $6.89 $4,893.03
Hearst-Argyle Television HTV $4.75 $4.74 $4.90 $4.50 $446.27
ION Media Networks Inc. IION $3.00 $3.00 $3.00 $3.00 $205.60
Media General, Inc. MEG $2.88 $3.19 $3.25 $2.74 $65.59
Sinclair Broadcast Group SBGI $2.73 $2.92 $3.01 $2.63 $221.44
Journal Communications JRN $2.11 $2.05 $2.14 $1.96 $113.05
The E.W. Scripps Co. SSP $2.01 $2.00 $2.16 $1.95 $108.17
Belo Corp. BLC $1.81 $1.82 $1.89 $1.71 $184.99
Saga Communications SGA $1.49 $1.54 $1.54 $1.43 $25.11
LIN TV Corp. TVL $1.41 $1.43 $1.45 $1.36 $72.43
Entravision Communication EVC $1.22 $1.18 $1.29 $1.07 $105.95
Gray Television, Inc. GTN.A $1.22 $1.22 $1.22 $1.22 $22.40
Nexstar Broadcasting Group NXST $0.77 $0.85 $0.89 $0.77 $21.89
Gray Television, Inc. GTN $0.46 $0.49 $0.49 $0.45 $22.40
ACME Communications ACME $0.30 $0.30 $0.30 $0.30 $4.81
Young Broadcasting YBTVA $0.05 $0.06 $0.06 $0.05 $1.29
Equity Media Holdings Corp. EMDAQ $0.01 $0.01 $0.01 $0.01 $0.32

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