Broadcast Station Acquisitions: The Myth That Cash Flow Multiples Make The Perfect Yardstick

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Erwin KrasnowDoug-FerberBishop Cheenby Erwin G. Krasnow, Doug Ferber & Bishop Cheen


Deal flow speaks volumes about the entrepreneurial appetite for broadcast properties, and with the FCC’s broadcast incentive auction drawing closer, Garvey Schubert Barer attorney Erwin G. Krasnow ([email protected]), DEFcom Advisors CEO Doug Ferber ([email protected]) and SNL Kagan Analyst/Consultant Bishop Cheen ([email protected]) have written an extensive commentary de-bunking common auction myths. Our fourth installment discussed the myth that broadcast cash flow is easy to calculate.

Here, the trio discuss the myth that cash flow multiples are the perfect yardstick.

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