Analysts Bullish on Broadcast; Cable Cloudy

ANALYSTS BULLISH ON BROADCAST; CABLE CLOUDY
[SOURCE: Broadcasting&Cable, AUTHOR: John Eggerton]
Credit Suisse analysts Tuesday were bullish on the prospects for broadcast deregulation and media stock performance in general. In a summary of an investor update on FCC regulations Tuesday, the company reported that it believed there would be liberalization of FCC ownership rules. The Wall Street handicapper said that it expected relief on newspaper/TV crossownership and duopoly restrictions, which would benefit companies like Tribune. That trend, they said, should "generally be positive for most media stocks over time." The picture was not so positive for cable however: "We believe that regulatory developments over the next two years will be mostly negative for the cable companies." Concerning telecommunications, Credit Suisse predicts the FCC will be "generally deregulatory."
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