TV Stock Snapshot: LIN TV Put on Delist Notice

Stocks drop about 5 percent on Inauguration Day open.
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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.

NameSymbolFri. CloseOpenHighLowMktCap(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 CommunicationsFSCI $19.21 $18.23 $19.22 $17.80 $167.80 Meredith Corp.MDP $18.82 $17.97 $19.49 $17.81 $849.10 Shaw CommunicationsSJR $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 TelevisionHTV $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 GroupSBGI $2.73 $2.92 $3.01 $2.63 $221.44 Journal CommunicationsJRN $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 CommunicationsSGA $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 CommunicationEVC $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 GroupNXST $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 CommunicationsACME $0.30 $0.30 $0.30 $0.30 $4.81 Young BroadcastingYBTVA $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